Consumer Sector Update for 02/08/2019: COLM,COTY,HAS

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Top Consumer Stocks

WMT -1.23%

MCD -0.17%

DIS +0.01%

CVS -1.75%

KO -0.18%

Consumer stocks were broadly lower in recent trading, with shares of consumer staples companies in the S&P 500 declining less than 0.2% this afternoon while shares of consumer discretionary firms in the S&P 500 were declining over 0.9%.

Among consumer stocks moving on news:

(+) Columbia Sportswear Company ( COLM ) soared 19% to a best-ever $109.74 a share after Friday reporting Q4 net income and revenue breezing past Wall Street estimates. It also forecast better-than-expected FY19 results and added another $200 million to its stock buyback program.

In other sector news:

(+) Coty ( COTY ) climbed 28% on Friday after the beauty products company reported adjusted fiscal Q2 EPS of $0.24 per share, down from a year earlier, but above the Capital IQ consensus expecting $0.22 per share.

(-) Hasbro ( HAS ) slumped over 4% after the toy-maker Friday said it earned $1.33 per share, excluding one-time items, for the three months ended Dec. 30, down from $2.30 per share during the year-ago period and trailing the Wall Street consensus by $0.35 per share. Total revenue fell 13.1% to $1.39 billion, also missing the $1.53 billion analyst mean.

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

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This article appears in: Business , Commodities
Referenced Symbols: COLM , COTY , HAS

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