The S&P 500 Consumer Discretionary index posted an increase of 1.3% for the month of November, compared to the 3.6% growth in the overall S&P 500 index, according to data compiled by S&P Global Market Intelligence.
The performance of Expedia Group Inc., whose stock fell 25.3%, and Dollar Tree Inc., which saw its shares decline 17.2%, dragged the consumer discretionary sector down in November. The companies were two of the five worst performers of the overall S&P 500 index.
Shares of online travel company Expedia reached a 52-week low of $93.53 on Nov. 19. following Expedia's announcement that third-quarter adjusted EPS declined 5% year over year, missing analysts' expectations for the period.
Meanwhile, Dollar Tree's shares slid nearly 15% on Nov. 26 after it posted weaker-than-expected earnings for the third quarter. The discount chain lowered its forecast for fiscal 2019 as it anticipates a negative impact from tariffs in 2020.
Under Armour Inc. recorded a loss of 8.5% in November. Its shares dropped 19% on Nov. 4 after the athletic apparel company reported third-quarter loss that was wider than analysts' expectations. Under Armour is also facing a federal investigation into its accounting practices, specifically whether it overstated its quarterly sales figures, according to a report by The Wall Street Journal.
Kohl's Corp., whose stock fell 8.3% during the month, announced Nov. 19 that its adjusted diluted EPS for the third quarter dropped 24% year over year, missing analysts' estimates. It also cut its earnings outlook for the full year.
Booking Holdings Inc. saw its shares fall 7.1% in November. Shares of the travel company declined 9% on Nov. 7 despite posting better-than-expected earnings for the three-month period.
The consumer discretionary company with the highest return for the month was Capri Holdings Ltd. with a gain of 19.5%. The owner of the Michael Kors and Versace brands reported second-quarter earnings that fell short of expectations on Nov. 6 but saw its shares steadily climb throughout the month, reaching $37.61 on Nov. 25.
Target Corp. recorded an increase of 17.6% in November. Shares of the general merchandiser soared to a 52-week high of $127.97 on Nov. 21 after the company posted better-than-expected results for the third quarter and raised its forecast for fiscal 2019. CEO and Chairman Brian Cornell said Target is "well-positioned" to deal with the impact of tariffs on Chinese imports.
L Brands Inc.'s total return during the month grew 14.3%. The retailer narrowed its outlook for fiscal 2019 and said it will not hold its annual Victoria's Secret fashion show this year in a bid to update the brand's marketing strategy.
Best Buy Co. Inc. posted a gain of 12.3% for the month. It raised its guidance for fiscal 2020 after beating estimates for the third quarter, prompting its shares to reach a 52-week high of $83.63 on Nov. 26.
Meanwhile, casino operator MGM Resorts International recorded a 12.1% increase in November as its shares hit a 52-week high of $32.24 on Nov. 29.