Markets

Consumer Sector Update for 02/26/2019: RCKY,ETSY,HD

Top Consumer Stocks

WMT -0.78%

MCD +0.36%

DIS -0.40%

CVS -0.56%

KO +0.02%

Consumer stocks were narrowly mixed, with shares of consumer staples companies in the S&P 500 climbing 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling about 0.2%.

Among consumer stocks moving on news:

(+) Rocky Brands ( RCKY ) climbed 3% after late Monday reporting adjusted Q4 net income of $0.48 per share, improving on an adjusted $0.37 per share profit during the year-ago period and beating analyst estimates by $0.04 per share. Net sales for the footwear company edged 0.3% higher year-over-year to $67.2 million, also topping the $66 million consensus call.

In other sector news:

(+) Etsy ( ETSY ) roared as much as 17% higher to an all-time high of $68.91 on Tuesday after the ecommerce platform reported Q4 net income of $0.32 per share and a 46.8% increase in revenue over year-ago levels to $200.03 million. Analysts, on average, had been looking for Etsy to earn $0.28 per share on $194.77 million in revenue.

(-) Home Depot ( HD ) slid 2% after the home improvement retailer reported a GAAP Q4 profit of $2.09 per share during the three months ended Feb. 3, up from $1.52 per share during the same quarter last year but still trailing the Capital IQ consensus expecting $2.16 per share. Net sales rose 10.9% to $26.49 billion, also lagging the $26.58 billion analyst mean.

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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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