Consumer Sector Update for 03/12/2019: JAX,DKS,SFIX,ADT

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Top Consumer Stocks

WMT -0.14%

MCD +0.30%

DIS -0.11%

CVS +1.79%

KO -0.27%

Consumer stocks have turned narrowly mixed, with shares of consumer staples companies in the S&P 500 late Tuesday falling almost 0.1%, giving back a small gain earlier in the session, while shares of consumer discretionary firms in the S&P 500 still were ahead more than 0.2%.

Among consumer stocks moving on news:

(+) J. Alexander's Holdings ( JAX ) rose almost 1% on Tuesday after Ancora Advisors disclosed owning a 9.72% equity stake in the restaurant chain and said it will encourage company management to explore its strategic options, including a potential sale.

In other sector news:

(+) Stitch Fix ( SFIX ) raced 25% higher after the apparel company reported fiscal Q2 financial results exceeding Wall Street expectations, earning $0.12 per share, excluding one-time items, during the three months ended Jan. 26 compared with a $0.07 per share adjusted profit during the year-ago period and topping the $0.05 per share Capital IQ consensus.

(-) Dick's Sporting Goods ( DKS ) fell more than 11% after the retailer reported declines in Q4 net income and sales compared with the year-ago period, earning $1.07 per share during the 13 weeks ended Feb. 2 on $2.49 billion in net sales. It recorded a $1.11 per share profit during the same quarter last year on $2.66 billion in sales. Same-store sales also declined, dropping 2.2% during the quarter.

(-) ADT ( ADT ) declined 13% on Tuesday after the home security company reported a non-GAAP Q4 net loss of $0.04 per share, improving on a $0.06 per share adjusted net loss during the year-ago period but still missing the Capital IQ consensus for the October-to-December period expecting adjusted Q4 net income of $0.12 per share.

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: JAX , SFIX , DKS , ADT

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