Updated from 2:52 p.m. EDT
Shares of Tween Brands (TWB Quote) were among the NYSE's winners Friday, climbing 8.8% after the children's clothing seller announced an accelerated buyback plan.
The retailer said it will buy back up to $175 million of its outstanding stock, including the immediate repurchase of 5.2 million shares at $27.55 apiece. As a result of the buyback, as well as a moderate lift from third-quarter to-date results, the company boosted its full-year earnings projection to $1.84 to $1.98 a share.
Last month, Tween Brands shares were battered after the company cut its full-year earnings target to $1.80 to $1.95 a share. Analysts polled by Thomson Financial have an average estimate for earnings of $1.85 a share. The stock climbed $2.41 to close at $29.96. ...
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