Markets

Consumer Sector Update for 05/13/2016: ETSY, KSS, JWN, BABA

Top Consumer Stocks

WMT -2.51%

MCD -0.48%

DIS -0.59%

CVS -0.49%

KO -0.49%

Consumer stocks were falling, with shares of consumer staples companies in the S&P 500 declining around 0.6% while shares of consumer discretionary firms in the S&P 500 were dropping about 0.6%.

In company news, Etsy ( ETSY ) shares rose Friday after the specialty retailer expanded its executive team, naming a chief operating officer for the first time.

Linda Kozlowski will become COO at Etsy, effective May 16, the company said last night. She joins Etsy from Evernote, where she held a similar post at the emerging office-productivity firm. She also had held several senior-level positions at Alibaba.com ( BABA ) before moving to Evernote.

ETSY shares were up about 4.5% at $8.65 each, backing away slightly from a recent session high of $8.68 a share.

In other sector news,

(+) KSS, (+4.3%) Telsey Advisory Group drops price target by $11 to $44 a share while Stifel cuts its price target by $9 to $45. MKM Partners trims it price target by $5 to $39 a share.

(-) JWN, (-12.4%) Adjusted Q1 EPS of $0.36 per share lags expectations by $0.09 per share. Revenue rises 2.5% to $3.19 bln, also missing $3.23 bln consensus. Lowers FY17 below Street view.

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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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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