Consumer Narrowly Higher Ahead of Close; Dollar Tree Slips Following Sterne Agee Downgrade

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Top Consumer Stocks

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DIS +1.49%

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KO +0.08%

Consumer stocks were slightly higher with shares of consumer staples companies in the S&P 500 gaining less than 0.1%. Shares of consumer discretionary firms in the S&P 500 are up about 0.3%.

In company news, shares of discount retailer Dollar Tree ( DLTR ) were down nearly 1% as the stock was downgraded to Neutral from Buy by analysts at Sterne Agee, who also lowered their price target for the stock by $7 to $56 a share.

DLTR last traded at $53.04 apiece, sliding well below its 200-day moving average at $53.77, with a 52-week range of $38.38 to $60.19.

In other sector news,

(+) RSH, Hedge fund manager Jamie Zimmerman and her Litespeed Management acquiring 8.08 million shares since Jan. 1 for an 8.1% passive stake in the struggling consumer electronics retailer.

(-) COH, Earns $1.06 per share in fiscal Q2, trailing Capital IQ consensus by $0.05. Sales for the luxury handbag retailer fell 6% year over year - largely due to weakness in North America - to $1.42 bln, also missing analyst estimates by $50 mln.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: DLTR

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