3 Major Retail Stocks Active on Trading Screens After Earnings

Home Depot Inc.  (NYSE:HD) reported its results for the third quarter. Net income for Home Depot Inc. rose to $934 million (60 cents per share) vs. $834 million (51 cents per share) in the same quarter a year earlier. This marks a rise of 12% from the year earlier quarter. Revenue rose 4.2% to $17.3 billion from the year earlier quarter. HD beat the mean analyst estimate of 59 cents per share. Analysts were expecting revenue of $17.09 billion.

“Our third quarter was driven by strength in our core categories and storm-related sales as well as strong operating performance,” said Frank Blake , chairman & CEO. “We will continue to invest in our core initiatives to provide customers with exceptional customer service and great product values. I would like to thank our associates for their hard work and dedication.”

Competitors to Watch: Lowe’s Companies, Inc. (NYSE:LOW), Builders FirstSource, Inc. (NASDAQ:BLDR), Lumber Liquidators Hldgs., Inc. (NYSE:LL), Tractor Supply Company (NASDAQ:TSCO), Hornbach-Baumarkt-AG (NYSE:HBM), PulteGroup (NYSE:PHM), Toll Brothers (NYSE:TOL), D.R. Horton (NYSE:DHI), KB Home (NYSE:KBH), Lennar Corp (NYSE:LEN), Beazer Homes (NYSE:BZH), Sherwin-Williams (NYSE:SHW), Sears Holdings (NASDAQ:SHLD), Target (NYSE:TGT) and Wal-Mart (NYSE:WMT).

TJX Companies Inc. (NYSE:TJX) reported its results for the third quarter. Net income for the department store rose to $406 million ($1.06 per share) vs. $372.3 million (92 cents per share) in the same quarter a year earlier. This marks a rise of 9% from the year earlier quarter. Revenue rose 5% to $5.8 billion from the year earlier quarter. TJX fell in line with the mean analyst estimate of $1.06 per share. Analysts were expecting revenue of $5.85 billion.

Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are pleased with our strong overall third quarter performance as our 15% increase in earnings per share was in line with our expectations and achieved on top of a 14% increase last year and 40% growth in the year before that. We achieved these strong results despite unseasonably warm weather during the quarter in many key regions of the U.S. and Canada, which hindered demand for fall apparel. We are also encouraged by the progress we are making at TJX Europe. Further, it’s important to note that sales in the U.S. picked up when the weather turned cooler and we ended the quarter strongly.”

Competitors to Watch: Gordmans Stores, Inc. (NASDAQ:GMAN), Citi Trends, Inc. (NASDAQ:CTRN), Stein Mart, Inc. (NASDAQ:SMRT), Syms Corp. (NASDAQ:SYMS), Wal-Mart Stores, Inc. (NYSE:WMT), Ross Stores, Inc. (NASDAQ:ROST), Fred’s, Inc. (NASDAQ:FRED), Target Corporation (NYSE:TGT), Macy’s, Inc. (NYSE:M), and Dillard’s, Inc. (NYSE:DDS).

Staples, Inc. (NASDAQ:SPLS) reported its results for the third quarter. Net income for Staples, Inc. rose to $326 million (47 cents per share) vs. $288.7 million (40 cents per share) in the same quarter a year earlier. This marks a rise of 12.9% from the year earlier quarter. Revenue rose 1% to $6.6 billion from the year earlier quarter. The company fell in line with the mean estimate of 47 cents per share. Analysts were expecting revenue of $6.72 billion.

“Our results in North America reflect our team’s ability to drive strong profit improvement in a tough environment,” said Ron Sargent, Staples’ chairman and chief executive officer. “International results were weaker than expected as tight expense management was more than offset by very challenging top line trends.”

Competitors to Watch: OfficeMax Incorporated (NYSE:OMX), Office Depot, Inc. (NYSE:ODP), Walgreen (NYSE:WAG), CVS (NYSE:CVS), Target (NYSE:TGT), Wal-Mart (NYSE:WMT), Best Buy (NYSE:BBY), Williams-Sonoma (NYSE:WSM), Bed, Bath & Beyone (NASDAQ:BBBY), Stamps.com Inc. (NASDAQ:STMP) and United Stationers Inc. (NASDAQ:USTR).