Markets
TTS

Consumer Sector Update for 10/20/2015: TTS,WTW,HOG

Top Consumer Stocks

WMT -0.01%

MCD -0.61%

DIS +0.47%

CVS +0.34%

KO +0.79%

Consumer stocks were ending narrowly mixed Tuesday afternoon, with shares of consumer staples companies in the S&P 500 adding less than 0.1% while shares of consumer discretionary firms in the S&P 500 were sliding about 0.1%.

In company news, Tile Shop ( TTS ) rose Tuesday after the retailer beat analyst estimates with its Q3 financial results and also projected revenue for the full year ending in December exceeding the Street view.

Excluding one-time items, it earned $0.08 per share, topping the Capital IQ Consensus by $0.02 per share. Revenue rose 15.3% year over year to $72.4 million compared with the $69.4 million consensus. Same-store sales during the quarter rose 9.7% from year-ago levels.

Looking forward, the company also sees revenue in a range of $289 million to $292 million. Analysts, on average, is looking for $288.19 million in revenue this year.

TTS shares were up nearly 14% at $14.90 each, earlier climbing back to within 10 cents of its 52-week high of $15.25 a share.

In other sector news,

(+) WTW, Barclays raises investment rating to Equal Weight from Underweight and nearly triples price target from $5 to $14 a share.

(-) HOG, Shares fall to two-year low after Q3 EPS of $0.69 misses analyst view by $0.09 per share. Revenue rises 0.9% to $1.14 bln but lags $1.21 bln consensus. Lowers FY15 shipments outlook. Cuts 250 jobs to fund new marketing push.

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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