TJX Companies (TJX) stock was up on Wednesday after the retailer reported earnings results for Q2. The TJ Maxx parent company reported adjusted earnings per share of $1.10, which beat Wall Street’s estimate of $1.

Historically, TJX stock has experienced gains 65% of the time following earnings announcements, exhibiting a median one-day increase of 3.5% and a

Earlier in the session, TJX hit a record high of $144, breaking above the previous milestone it had set in May. Year-to-date, the equity is up 16.4%, continuing to recover from its June pullback and add onto its gains from July.