ETSY - Etsy, Inc.
| Previous Close | 64.25 |
| Open | 64.03 |
| Bid | 63.40 x 800 |
| Ask | 63.98 x 1800 |
| Day's Range | 62.21 - 64.22 |
| 52 Week Range | 28.08 - 73.35 |
| Volume | 1,760,702 |
| Avg. Volume | 2,939,020 |
| Market Cap | 7.58B |
| Beta (3Y Monthly) | 0.58 |
| PE Ratio (TTM) | 103.93 |
| EPS (TTM) | 0.61 |
| Earnings Date | May 8, 2019 - May 12, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 73.69 |
- Zacks•5 days ago
Zacks.com featured highlights include: Etsy, AMC, Covanta and U.S. Silica
Zacks.com featured highlights include: Etsy, AMC, Covanta and U.S. Silica
- Zacks•6 days ago
Why the Earnings Surprise Streak Could Continue for Etsy (ETSY)
Etsy (ETSY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- Zacks•6 days ago
4 Toxic Stocks to Discard or Sell Short for Solid Gains
Generally, overpriced toxic stocks are vulnerable to outside shocks.
- InvestorPlace•10 days ago
Can Blue Apron Stock Rally in 2019?
The stock of meal-kit maker Blue Apron (NYSE:APRN) went public in mid-2017 at an IPO price of $10. Right from the onset, investors sniffed out that this company had competition and profitability problems.Source: Shutterstock The stock consequently never traded above its IPO price. Ever since, disappointing quarter after disappointing quarter has confirmed those early fears, and APRN stock now trades hands just above $1, with the threat of bankruptcy lingering around the corner. * 7 AI Stocks to Watch with Strong Long-Term Narratives A number of events in early 2019 gave investors hope that APRN stock was in the beginning stages of a massive turnaround. Specifically, Blue Apron announced a big meal-kit partnership with Weight Watchers (NYSE:WTW), gave a positive update on its fourth-quarter trends, and reaffirmed its guidance for positive EBITDA in fiscal 2019. APRN stock consequently tripled over the course of a month.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat turnaround rally was ultimately stymied by bigger picture and longer-term concerns related to revenue stability and profitability.The "false turnaround" of APRN stock in early 2019 shows that Blue Apron stock won't meaningfully rebound until APRN's fundamentals start to materially improve. That means investors should not buy APRN stock until they see customer stabilization, alongside revenue stabilization. They will also need to see APRN's gross margins expand to and hold the 40% level, and the company's operating losses must narrow significantly.If all of those conditions are met, APRN stock could rally towards $1.50 or higher in 2019. What Blue Apron Needs for a TurnaroundOver the past several quarters and years, as the meal-kit space has become more crowded than ever before, APRN has lost customers, its revenues have dropped, its margins have been adversely impacted, and its narrow losses have turned into wide losses.There's reason to believe these trends will continue. Its competition is only ramping. Plus, the meal-kit space is turning out to be a lot smaller than most had anticipated, so Blue Apron is presumably losing share in a market that may already be tapped out.APRN can't really afford to cut its operating spending by very much, since doing so in the past has caused its customer base to decline by large amounts. Consequently, the reality is that Blue Apron is stuck between a rock and a hard place, so Blue Apron stock probably won't stage a big turnaround anytime soon.But there's a chance that APRN will pull a rabbit out of its hat.For starters, APRN has a new CEO, Linda Findley Kozlowski, who knows a thing or two about turnarounds. Before coming to APRN, she was the COO of Etsy (NASDAQ:ETSY). When she became COO in May 2016, ETSY stock was in the midst of a downward spiral from $30 to $8. By the time she left in late 2018, ETSY stock had skyrocketed to $50. The combination of Kozlowski's arrival and the big deal with WTW could be exactly what the company needs to stabilize its customer base without increasing its marketing spending.Furthermore, the company has a new fulfillment center that is fully operational and has significantly higher margins than the company's older fulfillment center. Thus,in 2019, its gross margins could rise towards 40% and could potentially exceed 40%. Along with that margin improvement, revenue stabilization, stable marketing spending and lower general and administrative expenses would lead to healthy operating-spending leverage.All in all, there is an opportunity for APRN to stabilize its customer and revenue base in 2019, while concurrently improving its gross margins and driving down its operating-spending rate. If the company does check off all those boxes, APRN stock will rally tremendously. APRN Stock Has Room to RunAPRN stock is so beaten up today that if the company meets the criteria I set above, Blue Apron stock can jump 50% this year.The math is pretty easy to understand. Blue Apron's customer base has been consistently dropping for several quarters. But, given the WTW deal and its new CEO, it's reasonable to assume that its customer base will not drop much below 500,000 Those customers will develop some sense of loyalty to Blue Apron, so it will be able to continue to spend less on marketing. Meanwhile, its gross margins should continue to improve, thanks to its new fulfillment center.If all that happens over the next several years, I think APRN could squeeze out a narrow profit by fiscal 2023, and will generate earnings per share of about 15 cents by fiscal 2025. Based on a forward price-earnings multiple of 16, which is average for the market, that implies a fiscal 2024 price target for APRN stock of $2.40. Discounted back by 10% per year, that equates to a fiscal 2019 price target of $1.50 for Blue Apron stock.Thus, in the event that Blue Apron does turn itself around, APRN stock can jump 50% in 2019. The Bottom Line on APRN StockThe chances of Blue Apron carrying out a big turnaround in 2019 are low. But APRN could rise tremendously if APRN does turn itself around.So the only way to look at APRN today is as a high-risk, high-reward trade. Only investors with a big appetite for risk should be dabbling in those waters.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Compare Brokers The post Can Blue Apron Stock Rally in 2019? appeared first on InvestorPlace.
- InvestorPlace•10 days ago
5 Stocks to Sell as They Climb to New Highs
More than ten years have now passed since the market saw its post-crisis low. The S&P 500 index has risen by almost 375% in that period. Many equities have risen by much more -- in some circumstances making them stocks to sell.This has worried technical strategists such as Bob Farrell, who see new market highs as a sign of worry. Mr. Farrell believes that "fear of missing out" could lead to the next market top. After hitting that high point, he predicts wide market swings and below-market returns over the next decade.Stocks such as Amazon (NASDAQ:AMZN) or Netflix (NASDAQ:NFLX) have supported high multiples for several years. However, history shows that stocks tend to eventually reach "fair value." A decline like Mr. Farrell predicts would likely bring high-flying equities closer to fair value.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor now, many stocks to watch trade near 52-week highs. In light of a coming market decline, these five stocks to sell could see a significant drop in their prices: Etsy (ETSY)Source: Meaghan O'Malley via Flickr (Modified)Amid intense competition, Etsy (NASDAQ:ETSY) has stood out among e-commerce sites. It has become a hub by which artisans can market handmade, vintage and unique items. With its website, Etsy brings these products to a worldwide audience. It also serves as a home for a market that would not fit well on an Amazon or an eBay (NASDAQ:EBAY).This niche has helped propel ETSY stock to near record highs in recent days. Analysts forecast 16.4% profit growth for the year. Although they predict a 50.7% profit increase next year, they expect average earnings growth in the teens for the foreseeable future.This will hold Etsy in good stead. Still, it may not support the current valuation of ETSY stock long term. The most recent earnings beat sent ETSY higher by more than 16%. This spike propelled the equity to a record high. Although the stock fell slightly following that move, it still supports a forward P/E ratio to over 62. It also leaves the equity with a trailing PE of just over 100.Further, factors such as the 13-plus price-to-sales ratio help to make Etsy one of the stocks to sell. I expect ETSY stock will become a long-term winner. However, at current multiples, investors should stay on the sidelines. Ionis Pharmaceuticals (IONS)Source: Shutterstock Biotech company Ionis (NASDAQ:IONS) treats diseases through the manipulation of genes. This antisense technology, along with its work in RNA therapies, has helped it to develop a pipeline of more than 40 drugs. Medicines such as Spinraza, developed with Biogen (NASDAQ:BIIB), and the newly-approved Tegsedi have helped to bolster the company's bottom line.However, despite successes with Spinraza and other drugs, the state of IONS stock could cause concern. Ionis beat earnings estimates in its last earnings report. It also reported 14.5% revenue growth and guided 2019 revenues higher by $725 million. However, one might question whether that justifies its forward P/E to about 127.Profit growth could also cause concerns. Investors expect earnings to increase by an average of 40% per year over the next five years. However, that estimate may prove high over time as earnings estimates continue to fall. As recently as 90 days ago, Wall Street had predicted 2019 earnings of 39 cents per share. That estimate today stands at 17 cents. Profit estimates for 2020 have also come down during that time.IONS stock should still perform well in the long term. However, IONS needs time to catch up to its valuation. Given this multiple, I would place it on the stocks to sell list for now and wait to buy at a more reasonable valuation. Pegasystems (PEGA)Source: Shutterstock Though it has existed since 1983, many investors remain unfamiliar with Pegasystems (NASDAQ:PEGA). Those who have heard of PEGA know it best as a CRM company who produces the Pega Platform. This could-based solution helps sales and marketing professionals. It brings customer service solutions and digital process automation to numerous industries. It also helps Pegasystems earn revenue through software licensing, maintenance fees, and consulting services.Despite a long history, it has seen most of its stock price growth occur over the last decade. Trading as a penny stock as late as 2008, it has now climbed to new highs in the $67 per share range.However, like many cloud equities, PEGA stock trades at a premium that likely places it on the stocks to sell list. PEGA's forward P/E ratio has risen to just above 85. Wall Street forecasts profits growth averaging 20.6% per year over the next five years. That growth rate should command a higher-than-average multiple.Still, its current P/E ratio indicates that the stock price has moved ahead of company earnings. As a $5.2 billion cloud company, with double-digit profit growth, PEGA stock could easily grow from these levels long term. However, at over 85 times earnings, it appears more likely to correct in the near term. SBA Communications (SBA)Source: iStockphoto SBA (NASDAQ:SBAC) owns and operates infrastructure for wireless communications across both North and South America. It earns revenue through both site development and leasing. Moreover, with the development of 5G in recent years, SBA's role has become more crucial.Two years ago, SBAC stock completed the process to become a real estate investment trust (REIT). However, thanks to capital loss carryovers from previous years, SBAC will not offer the usual dividend benefits of a REIT until at least next year. Despite the lack of a payout, the stock trades at a forward P/E of about 104. This comes in much higher than both American Tower (NYSE:AMT) and Crown Castle (NYSE:CCI) who currently pay dividends.Unlike its pre-REIT days, Wall Street predicts profits and profit growth for SBAC stock. In fact, they estimate that earnings will increase by an average of 85.3% per year over the next five years.So why is it one of the stocks to sell?Ordinarily, I could tolerate a 100-plus P/E with that kind of earnings growth. However, analysts continue to revise earnings for the company downward. Also, even when SBAC stock finally begins to pay dividends, profit levels indicate yields will come in well below the current 3.72% average yield for equity REITs.Given the importance of 5G and the new REIT structure, I expect SBAC stock to perform well long term. However, when AMT and CCI offer dividends at a lower multiple, SBA looks like a sell. Twilio (TWLO)Source: Web Summit Via FlickrFew of the stocks to sell have seen a faster rise than Twilio (NYSE:TWLO). Twilio pioneered the Platform-as-a-Service (PaaS) cloud niche. Their technology powers mobile apps, allowing companies such as Lyft (NASDAQ:LYFT) and Grubhub (NYSE:GRUB) to perform their basic functions.As the dominant company in this niche, it has posted remarkable growth numbers. Analysts forecast revenue growth of 65.6% this year and 32.2% in 2020. Over the next five years, they also believe average annual profit growth to come in at 36.5%. Even as companies such as RingCentral (NYSE:RNG) and Zendesk (NYSE:ZEN) seek to compete in this space, Twilio should continue to maintain its rapid growth rate for the foreseeable future.However, even the best companies justify only so much value. Since late 2017, TWLO stock has risen by more than fivefold. As a result, it is supporting a forward P/E ratio of over 450! Admittedly, if investors remained optimistic, and TWLO consistently met or beat estimates, I would not foresee a crash. However, the bull market has reached its 11th year. If investors turn on the market, TWLO stock will have no grounds for its current price.I expect Twilio to become one of the more critical companies in the tech industry. However, with its current multiple and the potential negative catalyst, investors should avoid TWLO stock at these levels.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Best Dividend Stocks to Buy for Every Investor * 7 Catalysts That Will Send Marijuana Stocks Soaring in 2019 * 8 Risky Stocks to Watch as Earnings Season Kicks Off Compare Brokers The post 5 Stocks to Sell as They Climb to New Highs appeared first on InvestorPlace.
- Market Realist•10 days ago
Can Shopify Survive Microsoft’s and Square’s Attacks?
Here's What's New with BABA, JD, GRPN, and SHOP(Continued from Prior Part)Microsoft is eyeing Shopify’s marketShopify (SHOP) powers the digital stores of hundreds of thousands of merchants. Some 800,000 businesses operate stores on Shopify’s
- Market Realist•11 days ago
Why Groupon Wants to Maintain a Smaller Creative Team
Here's What's New with BABA, JD, GRPN, and SHOP(Continued from Prior Part)Layoffs tied to shift in marketplace model Groupon (GRPN) laid off some employees in its creative services team last month. The company eliminated ~20 jobs from the team,
- Market Realist•11 days ago
JD Reconsiders Its Spending Practices after Losses
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- Market Realist•11 days ago
How eBay Will Use AI to Drive Marketplace Sales
The Latest Updates from Amazon and eBay(Continued from Prior Part)eBay wants to help customers discover favorite productseBay (EBAY) wants to stimulate growth in its most important division, its marketplace. In addition to discontinuing its
- InvestorPlace•11 days ago
This Outrageous Valuation Is Going to Catch up to Etsy Stock
Few stocks in the market have the growth opportunity that Etsy (NASDAQ:ETSY) does. Etsy's online platform seems perfectly suited for what consumers today want: unique and hand-crafted rather than mass-produced and widely available. The spectacular growth Etsy stock has posted in recent years, then, seems likely to continue for some time to come.Source: Meaghan O'Malley via Flickr (Modified)Meanwhile, the company is taking a higher percentage of volume on its platform, thanks to a fee hike last year. The combination was a key reason why I recommended ETSY stock last year.But I backed off in January, questioning valuation at $50 per share. At $68, even after a blowout fourth quarter report in February, Etsy looks simply too expensive. There's a great growth story here, admittedly. At this point, however, even management targets and an still-hefty out-year multiple look priced in.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Risky Stocks to Watch as Earnings Season Kicks Off Valuation Isn't All That MattersAt the moment, ETSY trades at over 13x revenue and over 60x 2020 EPS estimates. Those multiples are big, but admittedly not terribly out of place in the current market environment.Lyft (NASDAQ:LYFT) (another platform play, even if an obviously different one from Etsy) is unprofitable, yet commands a roughly $20 billion valuation. Match Group (NASDAQ:MTCH) is growing much more slowly - yet still receives a 9x multiple to sales, and trades at 27x 2019 EPS estimates.What we've seen in the tech market of the past few years is that valuation alone doesn't make a bear case and that a seemingly high-priced stock still can move higher. Square (NYSE:SQ) and Shopify (NYSE:SHOP) have looked overvalued for some time. SaaS (software-as-a-service) stocks seem to keep moving higher. Over the past few years, ignoring a stock simply because it's "expensive" has proven to be a good way to miss out on big upside.Still, ETSY is awfully expensive. Revenue growth of 37% in 2018 and an estimated 31% this year certainly seems to merit a hefty valuation. But in both years, Etsy is benefiting from fee increases, which aren't going to happen every year. And the company's own targets suggest that something close to perfection is priced in. Where ETSY Goes If Management DeliversAt its Investor Day last month, Etsy detailed its five-year targets. It's telling that Etsy Inc stock actually was a bit wobbly on the news, selling off by as much as 5% before recovering most of its losses. The outlook is strong to be sure, but the question is whether it is strong enough, especially with ETSY still not far from all-time highs.Etsy is projecting annual GMS (gross merchandise sales) growth of 16-20%. Revenue should grow slightly faster than GMS, as Etsy's "take rate" climbs modestly over that stretch. And Adjusted EBITDA margins are targeted to 30% or higher, up from a 23.1% print in 2018 and guidance for 23-25% this year.Assume then, that revenue grows 19% a year, one point faster than the midpoint of GMS growth guidance. In 2023, Etsy revenue would be $1.43 billion. Adjusted EBITDA margins of 32% suggest EBITDA of $458 million.D&A is likely to remain relatively low: it was $26.7 million in 2018, and might grow to $30 million or so. At an effective tax rate of 21%, then, net income would reach about $338 billion. The share count is going to expand owing to stock-based compensation: diluted shares rose about 4% in 2018, to 127 million. At the same rate, by 2023, the count should be about 154 million.So management's own targets suggest $458 million in EBITDA and about $2.20 in EPS in 2023. If Etsy Inc stock returns 8% a year until then, it would trade at $92 four years from now. Can ETSY Stock Really Outperform?In other words, Etsy can hit its targets, Etsy Inc stock can return a 8% a year and it's still not enough. All that has to happen - and ETSY has to, in 2023, trade at 42x earnings and nearly 30x EBITDA.Those are enormous multiples. And, again, this model assumes targets are met. It assumes the economy doesn't slow down and perhaps depressing demand from some of the higher-dollar (and more profitable) items on Etsy's site. It assumes Etsy keeps driving consistent revenue growth but starting in the second half of this year, Etsy doesn't have the benefit of the fee hike.Simply to get a reasonable return, basically everything has to go right for Etsy. And that, not just the high headline multiples, is the real problem for ETSY stock. It might be why the stock has settled lower since spiking after the blowout Q4 report. At a certain point, valuation prices in all of a company's potential and Etsy Inc stock certainly seems to close to that point.After earnings, Tim Biggam made the case for shorting ETSY and that trade actually has done reasonably well since then. I'm not quite that bearish: valuation is a poor reason to short, as tech has proven in recent years, and I do like both the Etsy business model and Etsy management.But again, valuation matters. And this increasingly looks like a stock priced for perfection. Admittedly I thought something similar at $50, but from here, the high ETSY stock price offsets seemingly all of the optimism toward the Etsy business.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post This Outrageous Valuation Is Going to Catch up to Etsy Stock appeared first on InvestorPlace.
- Market Realist•12 days ago
Alibaba Business That Serves Amazon in China Posts Strong Growth
Here's What's New with BABA, JD, GRPN, and SHOP(Continued from Prior Part)1688.com sales soared 120%Alibaba’s (BABA) China-focused wholesale marketplace, 1688.com, recorded strong growth in 2018, a top Alibaba executive revealed this month.
- Markit•12 days ago
See what the IHS Markit Score report has to say about Etsy Inc.
Etsy Inc NASDAQ/NGS:ETSYView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for ETSY with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding ETSY are favorable, with net inflows of $2.20 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Market Realist•13 days ago
Who Is Paying for Amazon’s Whole Foods Discounts?
The Latest Updates from Amazon and eBay(Continued from Prior Part)Prices lowered by as much as 50%This month Amazon (AMZN) slashed prices on hundreds of items at its Whole Foods stores, a move that seems to be aimed at encouraging consumers on its
- Market Realist•13 days ago
What’s behind Amazon’s Whole Foods Price Cuts?
The Latest Updates from Amazon and eBayPrime members slow to embrace Whole Foods shopping Amazon (AMZN) cut prices on hundreds of items at Whole Foods stores this month. Prices fell an average of 20%. Since Amazon took hold of Whole Foods in August
- Motley Fool•13 days ago
Why Blue Apron Stock Jumped Today
Shares of the meal-kit service were moving higher today as new CEO Linda Kozlowski began her tenure.
- Zacks•17 days ago
Etsy (ETSY) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Etsy (ETSY) closed at $68.30, marking a -1.67% move from the previous day.
- InvestorPlace•17 days ago
A New CEO Is the First Step Toward a Blue Apron Stock Turnaround
The last time I wrote about embattled meal-kit service Blue Apron (NYSE:APRN), I took a surprisingly optimistic view. Despite the ugliness in Blue Apron stock -- it's one of the most disappointing initial public offerings ever -- I felt that the underlying company had some catalysts to advantage.But from a practicality standpoint, the issue has always been market volatility.Source: Shutterstock Within a span of just over a month, I was both right and wrong on APRN stock. Immediately after my contrarian take, shares tumbled badly, making me want to hide underneath my desk in shame. However, weeks later, APRN shot to the moon.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhere do we stand now? Unfortunately, we're pretty much back to square one. That said, the meal service generated headlines that had a massive impact on Blue Apron stock.In an abrupt but not entirely unexpected announcement, management disclosed that CEO Brad Dickerson left their ranks. Coming into replace Dickerson is Linda Findley Kozlowski, who previously served as COO of Etsy (NASDAQ:ETSY). While APRN stock dropped during regular hours, shares gained nearly 16% in extended trading. Leadership Change Provides Credibility for Blue Apron stockThe announcement comes at a particularly important time for the organization, and for stakeholders of APRN stock. Using January's dramatic surge in valuation as evidence, Blue Apron has potential for a meaningful recovery. More importantly, Wall Street believes it too, so long as the driving narrative is credible. * 7 Reasons Americans Should Embrace Socialism And that's exactly what Kozlowski brings to the table. A veteran executive, she specializes in e-commerce and consumer-focused businesses. Such expertise is vital given that Blue Apron stock has colossal competition. One of the company's rivals is Amazon (NASDAQ:AMZN), an organization that thrives on disrupting other industries.Additionally, Kozlowski can point to Etsy's market success as a lesson in contrast. Since its IPO, Etsy shares have more than quadrupled in value. On the flipside, Blue Apron stock lost 90%.Moreover, Etsy doesn't immediately strike you as a compelling opportunity. The company specializes in handmade or vintage items, hardly emblematic of today's highly-digitalized world. Yet ETSY has smoked most of its publicly-traded competition. Therefore, it's not out of the question that Kozlowski could redirect APRN stock to profitability.While I wouldn't necessarily chase shares based on this executive-level announcement, the meal service has a chance for a rebound. APRN Must Pull the Demographic LeversCuriously, one of the biggest mistakes that now former CEO Dickerson made was focusing on the older, affluent crowd. At first glance, this doesn't sound like a mistake. In almost every other industry, old money wins out.But when it comes to food, zeroing in on retirees is actually short-sighted. Baby boomers are on their way out. Millennials are on their way in. Age isn't the only factor that separates them. Culturally, these two demographics have different expectations and desires.For example, an American rite of passage traditionally involved attaining a vehicle. But with millennials, they're just not as interested in cars as prior generations, resulting in fewer auto sales. The rise of ride-booking apps like Uber has only exacerbated this trend.So what are millennials interested in spending on? Wining and dining. Food-delivery statistics confirm this dynamic. Although many millennials are laden with student loans and a tough job market, they place a premium on culinary experiences -- likely because treating yourself to a nice meal occasionally is far cheaper than a house or a car.That's where Kozlowski can make a notable difference for Blue Apron stock. Instead of focusing just on raw numbers, she can tap into what the emergent generations want. It's clear that millennials are interested in culinary experiences, and while meal services' high prices may be prohibitive for some younger adults, those who can afford to pay for them are willing to. Thus, a few critical tweaks could make Blue Apron great again. APRN Stock a Risky But Rational PlayConservative investors shouldn't get too excited about APRN stock. It is still a risky trade, and the underlying company has much to prove. * 7 Biometric Stocks to Watch as AI Rises But if you have tolerance to high-risk opportunities, you might want to consider Blue Apron stock. The organization requires a fresh strategy and execution. It's not an easy road ahead, but at least one leg of the recovery narrative has been checked off.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Low-Priced Tech Stocks With Great Potential * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * The Era of Car Ownership Is Over. And These 4 Charts Prove It Compare Brokers The post A New CEO Is the First Step Toward a Blue Apron Stock Turnaround appeared first on InvestorPlace.
- Market Realist•17 days ago
Blue Apron Stock Rose after New CEO Announcement
Blue Apron Stock Rose after New CEO AnnouncementBlue Apron’s new CEOBlue Apron (APRN) stock rose 7.3% on April 3. Investors reacted positively when the company announced its new CEO. After the markets closed on April 2, Blue Apron announced that
- Motley Fool•17 days ago
Can Blue Apron's New CEO Execute a Hail Mary Play?
Etsy’s former COO tries to turn around the struggling meal kit maker.
Motley Fool•18 days agoCan Blue Apron's New CEO Turn Things Around?
Blue Apron hires Linda Kozlowski to take over the struggling meal-kit company, effective April 8.
- Benzinga•18 days ago
Blue Apron Announces CEO Dickerson's Resignation, Replacement With Etsy COO
The announcement follows the resignation of outgoing president and CEO Brad Dickerson, who Blue Apron said decided to pursue other opportunities. Kozlowski brings a record of success at e-commerce and consumer-focused companies, Blue Apron said. Blue Apron shares were up 8.39 percent at $1.05 at the time of publication Wednesday.
- Motley Fool•18 days ago
Why Blue Apron Stock Popped Today
A surprise CEO change had investors looking up.
- InvestorPlace•18 days ago
Blue Apron News: APRN Stock Shoots Higher on CEO Departure
Blue Apron news on Wednesday about its CEO leaving the company has APRN stock on the rise.Source: Shutterstock Blue Apron (NYSE:APRN) notes that current President, CEO and member of the Board Brad Dickerson is stepping down from these roles. His last day as the leader of the company will be on April 7, 2019.Taking over for Dickerson is Linda Findley Kozlowski. She was chosen by APRN's Board of Directors and will take on the roles of President and CEO, as well as joining the Board. She will assume these positions on April 8, 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven though the Blue Apron news has Dickerson leaving his leadership role at the company, he won't be gone completely. Instead, he will continue to remain with APRN for a period of time after this in the role of an advisor.Dickerson's time with Blue Apron saw him hold other roles as well. Before becoming its leader, he was serving as the CFO of the company. This lasted until November 2017, which is when it took over as its President and CEO. APRN notes that the reason for his departure is to "pursue new opportunities." * 8 Best Stocks to Buy for an April Rally Kozlowski may be a new name to Blue Apron, but she has a strong history with other companies before it. This includes most recently serving as the COO of Etsy (NASDAQ:ETSY). Prior to this, she was the COO of Evernote Corporation.APRN stock was up 7% as of Wednesday morning. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: A Close Race at the Front * 15 Stocks to Buy Leading the Financial Charge * 7 Stocks From Around the World That Beat U.S. Stocks As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Blue Apron News: APRN Stock Shoots Higher on CEO Departure appeared first on InvestorPlace.
Yahoo Finance•18 days agoGameStop stumbles, Dave & Buster's shines, changes at Blue Apron
GameStop, Dave & Buster's, Blue Apron, Google and Express Scripts are the companies to watch.
- Yahoo Finance Video•12 days ago
UBS estimates 75K U.S. stores must close if e-commerce grows to 25%
UBS is calling for what seems like the end the end of brick and mortar. In a note to clients this week, the investment firm estimated that 75,000 or more U.S. stores need to close, if e-commerce penetration grows to 25% by 2026. Yahoo Finance's Jen Rogers, Myles Udland, Brian Cheung and Brian Sozzi discuss.
