Consumer Sector Update for 04/24/2019: EBAY,DPZ,BURL,IRBT

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Top Consumer Stocks

WMT +0.66%

MCD +1.38%

DIS +1.71%

CVS -0.07%

KO -0.45%

Consumer stocks extended their small gains this afternoon, with shares of consumer staples companies in the S&P 500 climbing over 0.3% this afternoon while shares of consumer discretionary firms in the S&P 500 also were ahead more than 0.3%.

Among consumer stocks moving on news:

(+) eBay ( EBAY ) rose 5% after late Tuesday reporting Q1 net income and revenue exceeding analyst forecasts, prompting at least six brokerages to raise their price targets for the online auction house. Excluding one-time items, the company earned $0.67 per share during the three months ended March 31 on $2.64 billion in revenue. Analysts, on average, were looking for a $0.63 per share profit on $2.58 billion in revenue.

In other sector news:

(+) Burlington Stores ( BURL ) climbed 8% after the apparel retailer late Tuesday said Thomas Kingsbury will step down as CEO in mid-September and will be replaced former Ross Stores chief operating officer Michael 0'Sullivan, prompting at least three brokerages to raise their price targets for the company's stock.

(+) Domino's Pizza ( DPZ ) advanced Wednesday, rising 4.5%, after the restaurant company reported Q1 net income of $2.20 per share, up from $2.00 per share during the same quarter last year and beating the Capital IQ consensus by $0.10 per share.

(-) iRobot ( IRBT ) plunged over 22% after the automated consumer products company reported a 9.5% revenue increase during its Q1 ended March 30 compared with the year-ago period, rising to $237.7 million from $217.1 million last year but still lagging the $251.4 million 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: EBAY , BURL , DPZ , IRBT

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