Target posts higher quarterly comp sales after a year of declines

Aug 16 (Reuters) - Target Corp reported a 1.3 percent rise in quarterly comparable sales, after a year of declines, helped by higher customer visits to its stores and website.

Shares of the company were up nearly 5 percent at $57.01 in premarket trading on Wednesday.

Net income fell to $672 million, or $1.22 per share, in the second quarter ended July 29, from $680 million, or $1.16 per share, a year earlier.

Sales from stores open more than 12 months were expected to grow 0.7 percent, according to analysts polled by research firm Consensus Metrix.

Sales rose 1.6 percent to $16.43 billion.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Martina D'Couto)