Markets

Consumer Sector Update for 02/13/2017: VRA,M,HAIN

Top Consumer Stocks

WMT -0.18%

MCD -0.02%

DIS +0.16%

CVS +0.61%

KO -0.09%

Consumer stocks were mixed during Monday trade, with shares of consumer staples companies in the S&P 500 giving back small gains from earlier today to more recently decline about 0.1% while shares of consumer discretionary firms in the S&P 500 were posting a 0.2% advance.

In company news, shares of Vera Bradley ( VRA ) fell to an 18-month low on Monday after the women's accessories company today said Kevin Sierks will be stepping down as chief financial officer on March 31.

The company already has begun the search process to identify and hire a new CFO, it said, adding Sierks will be replaced on an interim basis by John Enwright, who currently is Vera Bradley's vice president for financial planning and analysis.

VRA shares were down almost 6% today at $10.19 each, earlier sinking to their lowest price since August 2015 at $9.99 a share.

In other sector news,

(+) M, (+3.6%) Barron's speculates share price could increase up to 50%, reaching between $45 to $50 a share, in a potential merger and spin-off of its property assets by the department-store chain.

(-) HAIN, (-9.9%) Delays filing 10-Q quarterly report for the three months ended Dec. 31 due to an ongoing internal review of the company's accounting and audit processes and previously released financial results to identify potential errors.

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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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