Top Consumer Stocks
Consumer stocks were narrowly mixed this afternoon, with shares of consumer staples companies in the S&P 500 slipping just over 0.1% in recent trading while shares of consumer discretionary firms in the S&P 500 were hanging on to a 0.1% gain.
In company news, footwear seller Caleres ( CAL ) was enjoying a solid push higher on Tuesday, climbing as much as 4.5% to top out today at $ 28.31 a share after analysts at Susquehanna today raised their investment rating for the company’s stock to Positive from Neutral.
The upgrade follows the company late last week reporting above-consensus Q1 financial results and forecasting non-GAAP FY17 net income and sales matching Wall Street expectations. Excluding one-time items, the company earned $ 0.40 per share during the 13 weeks ended April 29, beating the Capital IQ consensus by $ 0.03 per share. Net sales increased 8% over the year-ago period to $ 631.5 million, also topping the analyst mean looking for $ 621.31 million.
In other sector news,
(+) AMWD, (+3.8%) Non-GAAP Q4 EPS of $ 1.13 per share beats Street view by $ 0.12 per share. Revenue rises 7.4% over year-ago levels to $ 258.7 mln, missing the $ 264.3 mln two-analyst estimate.
(-) BWLD, (-4.0%) Marcato Capital today reiterates support for its four-member director slate ahead of upcoming shareholders meeting, also saying BWLD’s stock performance has decoupled from its financial results and has risen since Marcato went public with its plans to revamp BWLD in July 2016.
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