Sector Update: Consumer

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Consumer stocks were mixed Monday with shares of consumer staples companies in the S&P 500 about 0.1% and shares of consumer discretionary firms in the S&P 500 were down 1.4%.

In company news, shares of high-end jewelry retailer Tiffany & Co. ( TIF ) fell Monday after analysts at Goldman Sachs today removed the stock from its Conviction Buy list, saying sales and profit growth is playing out slower than expected.

Goldman also set a $100 price target for TIF shares.

The downgrade follows TIF on Friday announcing adjusted Q4 earnings of $190 million, or $1.47 per share, up from a $1.40 per share gain in the year-ago period but still trailing analyst projections for the three months ended Jan. 31 looking for adjusted net income of $1.52 per share.

Global net sales rose 5% year over year to $1.3 billion, roughly in-line with the Capital IQ consensus. Same-store sales climbed 6% over the same quarter last year. TIF also forecast FY14 earnings, if comparable, topping analyst projections by at least $0.26 per share, or nearly 7%.

TIF shares were down 3.9% at $87.18 a share in recent trading, earlier tumbling to an intra-day low of $86.76. The stock has a 52-week range of $67.80 to $90.06 a share.

In other sector news,

(+) NUS, (+18.6%) Chinese authorities conclude investigation into the company's selling practices, fining the direct seller $540,000. Six employees also fined $16,000 for unauthorized promotional activities.

(-) CTRP, (-2.8%) Shares of travel websites fall after CTrip said an internal probe uncovered 93 possible leaks of customer data accessed using an unaffiliated website. TripAdvisor ( TRIP ) slides 4.5%, priceline.com ( PCLN ) declines 4.2% and Expedia ( EXPE ) dips 2.9%.



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: TIF , TRIP , PCLN , EXPE

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