The Most Active Stocks for Tuesday, November 19, 2019

Markets are up this morning, even with a big decline in Home Depot (HD).  

The company just reported quarterly revenue and same-store sales growth that were below estimates.  It also just warned about full-year sales and comps guidance. EPS of $2.53 was above estimates for $2.52.  However, $27.22 billion revenue was below expectations for $27.53 billion.  

Same-store sales growth of 3.6% was below estimates for 4.7%.  Home Depot also cut its sales forecast for the year and now expects sales to grow by 1.8%, down from a prior estimate of 2.3%. The company also cut its same-store sales forecast for the fiscal year. It now expects growth of 3.5%, compared with an earlier forecast of 4%, according to CNBC.

Kohl’s Corporation (KSS)

Kohl’s is down more than 12% this morning after disappointing on earnings and guidance.  EPS of 74 cents missed estimates for 86 cents. Revenue of $4.36 billion also missed expectations for $4.4 billion.  Same-store sales growth of 0.4% was below estimates for 0.8%. Kohl’s expects to earn an adjusted $4.75 to $4.95 per share for fiscal 2019, compared with a previous range of $5.15 to $5.45. Analysts wanted $5.19, as noted by CNBC.

TJX Companies Inc. (TJX)

TJX is up nearly 2% this morning after posting numbers that were well above guidance.  

Consolidated comp store sales increased 4%, which was well above the company’s guidance and over last year’s 7% increase.  Net sales increased 6% to $10.5 billion. Diluted EPS of 68 cents was also well above company guidance. It also increased its full-year fiscal 2020 EPS guidance 

“Customer traffic was the primary driver of the comp store sales increases at each of these four major divisions. With our above-guidance third quarter results, we are raising our full-year earnings per share guidance. Looking ahead, the fourth quarter is off to a solid start and we have many initiatives underway to keep driving traffic and sales to our stores and online during the holiday season and beyond. We are convinced our holiday marketing campaigns will position us as a top shopping destination for exciting gifts at amazing prices,” says Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., as quoted in the company’s press release.

“We are seeing fantastic, widespread availability of quality, branded merchandise and are in a great position to capitalize on these opportunities. Longer term, we are confident that we can gain additional market share and continue the successful growth of TJX in the U.S. and internationally,” he added.