Check out the companies making the biggest moves in premarket trading: Target – Shares rose nearly 14% after the retail giant beat earnings and revenue for its third quarter, helped by as purchases in high-frequency categories like food and beauty helped bolster otherwise. weaker customer spending. Target posted earnings per share of $2.10 compared to the expected $1.48, according to LSEG. Revenue of $25.4 billion beat estimates of $25.24 billion. TJX Companies – The retailer declined 2.4% despite reporting both revenue and earnings. Third-quarter earnings per share came in at $1.03 versus the 99 cents expected by analysts polled by LSEG. Revenue of $13.27 billion beat estimates of $13.09 billion. Sirius XM – Shares surged 8.6% after billionaire investor Warren Buffett disclosed in a regulatory filing that he bought 9.7 million shares of Sirius XM in the third quarter. Generac – The stock added 3.5% after an upgrade to neutral from underperformance by Bank of America. The bank said it sees “fewer continuing risks” in the coming year than it previously believed. Advance Auto Parts – Shares slipped 1.8% after the auto parts retailer reported a third-quarter earnings per share loss of 82 cents and lowered its earnings per share guidance for the year to $1.40 to $1.80 from $4.50 to $5.10. Advance Auto Parts also said it initiated the potential divestment of two of its businesses. JD.com – Shares of the Chinese e-commerce company jumped more than 4% after posting a top and bottom line during the third quarter. The company reported $1.09 billion in net profit for the quarter, which marked a 33% year-over-year increase. Management cited price competitiveness and supply chain advantages for its strong results. Energizer – The stock slipped nearly 4%, a day after gaining 7.4% on earnings beat. On Wednesday, JPMorgan downgraded Energizer to underweight from neutral, citing the company’s weaker-than-expected guidance for its fiscal first quarter and full year. Holley – Shares jumped 10.4% after being upgraded to buy from holding by Jeffries. The auto afterproducts company’s stock is trading at a significant discount to historical averages, the firm said. VF Corp – The apparel stock gained 3.9% in premarket trading. JPMorgan on Wednesday upgraded shares of VF Corp to neutral from underweight, saying the risk/reward profile for the company behind The North Face and Vans brands has improved. The stock is down 43% this year. — CNBC’s Hakyung Kim, Sarah Min, Tanaya Macheel contributed reporting. Correction: An earlier version misspelled Warren Buffett’s name.
(tagsTo Translate)VF Corp