Discount retailer Target (TGT) revealed on Thursday a 4.4% jump in May same-store sales, surpassing Wall Street’s expectations.

Minneapolis-based Target posted a 5% rise in net sales for May to $5.04 billion.

Closely-watched same-store were up 4.4%, compared with the Street’s view of 3.5%.

Target CEO Gregg Steinhafel said the retailer’s May results were “at the high end" of its expected range.

Target’s management also forecasted June same-store sales would increase in the low to mid-single digit range.

Shares of Target gained 0.52% to $58.09 in premarket action on Thursday following the monthly results. The shares have outperformed the broader markets so far this year, leaping almost 13%.

A number of other retailers reported stronger-than-expected May sales this week, including TJX Cos. (TJX), Macy's (M) and Limited Brands (LTD). 

Overall same-store sales were up 3.9% in May, topping the Street's view of 3.6%, according to Thomson Reuters.  

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