Markets

Consumer Sector Update for 10/01/2015: CROX, PLAY, MSG

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Top Consumer Shares:

WMT: flat

MCD: +0.2%

DIS: +0.2%

CVS: flat

KO: flat

GE: +0.2%

Consumer shares were mixed ahead of the opening bell Thursday.

In consumer stocks news, footwear company Crocs ( CROX ) has been downgraded by analysts at Piper Jaffray to a neutral rating from overweight. The firm also lowered its price target on the stock to $12 from $17 a share.

In Thursday's pre-market session, shares of Crocs were unchanged from their Wednesday closing price of $12.93, and have a 52-week trading range of $10.25 - $16.05.

Dave & Buster's Entertainment ( PLAY ), an owner-operator of 77 dining and entertainment venues, Thursday reported it priced at $37 each 6.0 million shares to be sold by certain shareholders in a secondary offering planned to close Oct. 6.

Shares in the company were trading 0.3% lower at $37.70 pre-bell.Over the past 52 weeks, the company has traded between $15.89 and $43.35.

And sports, entertainment and media business company Madison Square Garden Company ( MSG ) has completed its spin-off from MSG Networks ( MSGN ), the company said, and is now a separate, public company that trades on the NYSE as "MSG."

MSG's status as a stand-alone entity follows the distribution by the former Madison Square Garden Company of all of MSG's outstanding common stock. The distribution took place on September 30.

Madison Square Garden Company's shares were flat pre-bell at $151.

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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