|Bid||60.10 x 1100|
|Ask||60.26 x 1000|
|Day's Range||58.28 - 61.15|
|52 Week Range||38.02 - 73.35|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||70.33|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||76.64|
During the Lightning Round of Thursday night's "Mad Money" program, a caller asked Jim Cramer about Revolve Group . Revolve has not been trading for long, but we have good price history to work with on Etsy, the Brooklyn, N.Y., online marketplace for craft supplies and vintage goods. In the daily bar chart of Etsy below, we see that prices rallied from last October to early March.
Etsy rises after RBC lifts its rating on the stock to outperform from sector perform, citing the company's free shipping offer as well as more recent advertising push, which it says is helping generate sales.
Etsy stock (ticker: ETSY), which closed Thursday at $59.07, was up 1.6% to $60.01 around 5 p.m. Eastern time as RBC Capital Markets analyst Shweta Khajuria upgraded the shares to Outperform from Sector Perform, boosting her price target by $5 to $68, below FactSet’s average near $77 but 15% above the close. Wall Street is mostly bullish on Etsy—of 13 ratings tracked by FactSet, 11 are Buys, and there aren’t any Sell ratings—though the stock has fallen in the third quarter. Khajuria agrees—and thinks a recent push to encourage more sellers to offer free shipping and an advertising offering can boost both revenue and gross merchandise sales, the company’s term for the value of stuff sold on its platform.
Etsy Inc. said Thursday it is issuing $650 million in convertible debt and will use part of the proceeds to buy back its shares. The arts and crafts online marketplace said it has priced the notes, which mature in 2026, at 0.125%. The company is expecting to raise about $639.3 million in the offering and will use about $124.5 million for share buybacks. The remaining proceeds will be used for general corporate purposes, including further buybacks, product development, marketing and potential acquisitions. Shares were not active premarket, but have gained 25% in 2019, while the S&P 500 has gained about 20%.
BROOKLYN, N.Y., Sept. 19, 2019 /PRNewswire/ -- Etsy, Inc. (ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced the pricing of $650.0 million aggregate principal amount of 0.125% convertible senior notes due 2026 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The notes will be senior, unsecured obligations of Etsy and will accrue interest payable semiannually in arrears on April 1 and October 1 of each year, beginning on April 1, 2020, at a rate of 0.125% per year. The initial conversion rate will be 11.4040 shares of Etsy's common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $87.69 per share).
BROOKLYN, N.Y., Sept. 18, 2019 /PRNewswire/ -- Etsy, Inc. (ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced that it intends to offer, subject to market conditions and other factors, $650.0 million aggregate principal amount of convertible senior notes due 2026 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The notes will be general unsecured obligations of Etsy and will accrue interest payable semiannually in arrears. The notes will be convertible into cash, shares of Etsy's common stock or a combination of cash and shares of Etsy's common stock, at Etsy's election.
Endeavor is targeting an $8bn valuation in an upcoming initial public offering for the company that owns Hollywood’s biggest talent agency and the Ultimate Fighting Championship martial arts franchise. The entertainment empire, founded in 1995 by Ari Emanuel, was valued at $6.3bn in 2017, when it landed a $1bn investment from the Canada Pension Plan Investment Board and Singapore’s sovereign wealth fund, GIC. Since absorbing the William Morris Agency and IMG in a flurry of deal-making, Endeavor has shifted from its roots in talent representation, pushing into fashion, marketing and sports.
Management issued a less upbeat outlook for the digital craft marketplace’s full-year performance in early August, sending the stock down.
Shares of Etsy Inc. jumped 4.1% in premarket trading Friday, after Wedbush analyst Ygal Arounian turned bullish on the online crafts marketplace, citing a "critical mass" of new initiatives that is expected to drive growth and expand margins. Arounian raised the rating to outperform from neutral, and bumped the price target to $66 from $64, amid optimism over the outlook for Etsy Ads and free-shipping offering. "We particularly like the timing with both Etsy Ads and free shipping launching into the holiday season supported by Etsy's brand marketing push, where it is seeing early signs of strong [return on investment] on TV and social," Arounian wrote in a note to clients. The stock has tumbled 21.7% over the past three months through Thursday, while the Amplify Online Retail ETF has gained 5.4% and the S&P 500 has tacked on 4.1%.
Wedbush boosts its price target on Etsy to $66 from $64, citing a rosier outlook for its new Etsy Ads intiative and its offer of free shipping.
With 99% of S&P 500 companies having reported numbers so far, it's safe to say that the second-quarter earnings season is essentially over. How'd it go? Very, very mixed.The numbers were broadly better than expected -- more than half of companies reported better revenue numbers than expected, while three-fourths of companies reported better profit numbers than expected. But, the beats weren't very compelling, and things are slowing -- the market's revenue growth rate in Q2 2019 was the slowest since Q3 2016, while the profit growth rate was negative.Broadly, then, it wasn't a great earnings season. But, it wasn't an awful one, either.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHaving said that, the second-quarter earnings season was awful for a handful of stocks, which bucked the broader market trend and reported worse-than-expected second-quarter revenues and profits. Many of these stocks were hammered, considering the sentiment backdrop during Q2 wasn't great.Which stocks got killed this earnings season? And will they remain in a downtrend for the foreseeable future? * 10 Healthcare Stocks to Buy Despite the Headlines Let's answer those questions by taking a deeper look at seven stocks that flopped this earnings season -- all of them are down more than 20% since they reported earnings -- and see whether these stocks have any bounce-back potential. Worst Stocks That Flopped This Earnings Season: Ulta (ULTA)Source: Jonathan Weiss / Shutterstock.com Loss Since Earnings Report: 30%It wasn't a kind earnings season for retailers, as trade war woes broadly weighed on management sentiment and resulted in depressed back-half 2019 outlooks. But, for cosmetics retailer Ulta (NASDAQ:ULTA), the second-quarter earnings season was particularly ugly.In late August, Ulta reported second-quarter numbers that missed everywhere. The headline revenue and earnings numbers both missed expectations. Comparable sales growth in the quarter came up shy of estimates. Margins fell short of estimates, too. The full-year revenue growth, comparable sales growth, margin and profit guides were all cut in a big way -- to well-below consensus marks.In response to the across-the-board miss quarter, ULTA stock plunged -- by about 30%. It now trades at its lowest levels since Christmas Eve 2018, when the broader indices were flirting with bear market territory.Can the stock rebound from these depressed levels? I think so. The secular growth drivers in the cosmetics industry remain favorable, supported by Selfie Generation consumers who are obsessed with looking good. Ulta still dominates this industry. The only problem is that after several years of red-hot growth, the industry is cooling off in 2019. Historically speaking, such cooling off periods are never that big, and never last that long.As such, the macro backdrop will improve here. Probably by 2020. When it does, Ulta's numbers will bounce back, and ULTA stock will rebound in a big way. Uber (UBER)Source: NYCStock / Shutterstock.com Loss Since Earnings Report: 28%Ride-sharing giant Uber (NYSE:UBER) has been a public company for about three months now. Over those three months, not only did UBER not get an IPO honeymoon, but the stock has actually been through a tremendous amount of pain -- headlined by the stock's huge plunge following its latest earnings report.In early August, Uber reported second-quarter numbers that missed estimates across the board. The headline revenue and profit numbers missed Street estimates. So did bookings and monthly active platform consumers. Perhaps more importantly, top-line growth metrics (revenue growth, bookings growth and user growth) all slowed dramatically from Q1, while core platform margins actually deteriorated year-over-year.In other words, Uber put up a quarter that both missed estimates by a wide margin, and illustrated that the company's growth trajectory is flattening out while margins aren't improving.That's a losing combination. Thus, it should be no surprise that since the Q2 print, UBER stock has shed about 30%. * 7 Automotive Stocks to Buy Now Is there rebound potential here? Yes. But, only in the long run. Ride-sharing still projects as the next big thing in the transportation world, and at scale, the vast majority of transportation will be done through ride-sharing. At scale, then, Uber will be a very big company -- much bigger than it is today. But, Uber has lost its stride at the moment. Until the company gets that winning stride back through reinvigorated growth or improving margins, UBER stock will have a tough time rebounding from here. Beyond Meat (BYND)Source: calimedia / Shutterstock.com Loss Since Earnings Report: 27%Once one of the hottest stocks on Wall Street, plant-based meat company Beyond Meat (NASDAQ:BYND), went ice cold this earnings season after the company reported second-quarter numbers that -- while good -- didn't quite live up to lofty investor expectations.In late July, Beyond Meat reported second-quarter numbers that were actually pretty good. Revenues rose nearly 300% year-over-year and topped Street estimates. Margins improved meaningfully, and came in well ahead of expectations. The full-year revenue and adjusted EBITDA guides were really good. But, in the earnings report, Beyond Meat also announced a secondary offering that spooked investors -- mostly because the offering was priced at $160 per share, while the stock was trading above $200 per share at the time.In other words, while Beyond Meat did report blowout second-quarter numbers, management also confirmed in that report through a secondary offering that above $200, BYND stock was overvalued.The stock has naturally sold off ever since, but has found solid footing in that $150 to $160 range, or right around where the secondary offering was priced. That's a healthy sign. It's also a healthy sign that ever since the Q2 earnings print, the plant-based meat craze has only gained more momentum with more fast-casual chain contract wins.Broadly, then, Beyond Meat's secular growth narrative remains very robust. The post-Q2 earnings sell-off was just a natural correction following a parabolic run higher. After the stock consolidates in the $150 to $160 range for a few more months, BYND stock should be ready to resume its secular march higher. This is a long term winner. Etsy (ETSY)Source: kenary820 / Shutterstock.com Loss Since Earnings Report: 27%Another red hot stock that went ice cold this earnings season is arts and crafts e-commerce marketplace Etsy (NASDAQ:ETSY).In early August, Etsy reported second quarter numbers that were mixed. Earnings topped expectations, and the full-year revenue and volume growth guides were both lifted. At the same time, though, revenues missed expectations, and the full-year EBITDA margin guide was cut. The big problem is that heading into the print, ETSY stock was priced for perfect, not mixed (the stock traded at over 60-times forward earnings at the time).Thus, mixed results produced a huge sell-off in ETSY stock which has lasted ever since. Since that early August earnings report, ETSY stock has shed nearly 30%.Can the stock rebound from here? I think so. This is still a big growth company (33% revenue growth projected this year) supported by secular e-commerce adoption drivers and protected by a moat of over 2 million active sellers and 40 million active buyers. Plus, there are some pretty big growth initiatives that are just starting to rollout, including free shipping on orders over $35 and an in-platform ads business for its sellers. Sure, these growth initiatives cost money to get going (hence the reduced margin guide for 2019), but they are ultimately very additive to the long-term growth narrative. * 7 Low-Risk Mutual Funds to Buy Now Thus, I think ETSY stock can and will bounce back from here. Technical support may not arrive until the mid-$40's, so investors may want to wait for that support to show up. But, in the long run, this stock has the firepower to run back toward $60-plus prices. Under Armour (UAA)Source: 2p2play / Shutterstock.com Loss Since Earnings Report: 33%Yet another red-hot stock that went ice cold this earnings is athletic apparel brand Under Armour (NYSE:UAA).In late July, Under Armour reported second quarter numbers that simply weren't that good. Sure, earnings topped expectations. But, revenues missed expectations, and revenue growth was yet again a meager 3%, while North American revenues continued to decline. Also, sure, gross margins were up big, but they were supposed to be up big, and the company didn't drive any positive operating leverage, so operating margin expansion wasn't as big as investors were hoping for.Big picture, Under Armour's second-quarter print confirmed that this is a slow growth company with margins that are gradually moving -- not rushing -- higher. Heading into the print, UAA stock was priced for so much more. That's why the stock has collapsed more than 30% since the print.Will the stock rebound from here? Yes. For three big reasons.First, under $20, UAA stock is now undervalued relative to its long-term growth potential. Second, the stock is running into some major technical support levels, which have historically signaled a bottom in the stock before a substantial recovery rally. Third, trade war tensions, which have weighed on the entire athletic apparel sector for the past month, should ease going forward from here, providing an upward sentiment lift for UAA stock. iRobot (IRBT)Source: Grzegorz Czapski / Shutterstock.com Loss Since Earnings Report: 34%Consumer robotics leader iRobot (NASDAQ:IRBT) both manufactures a lot of product in China and sells a lot of product into China. As such, this company finds itself at the epicenter of the trade war, so ever since the trade war escalated to a new level back in April 2019, IRBT stock has been under tremendous pressure.That tremendous pressure continued this earnings season. In late July, iRobot reported second-quarter numbers that comprised slowing revenue growth trends and a big full-year 2019 revenue guide cut, which implied that this slowdown is set to continue for the foreseeable future. IRBT plunged after the report, and because trade relations have only deteriorated since then, it has continued to drop into early September.From late July to early September, IRBT stock has dropped 34%. The stock is now more than 50% off its late April 2019 highs.Is a big rebound coming? In the long run, yes; iRobot is the leader in the secular growth consumer robotics space, which is on the cusp of going mainstream. Over the next few years, robotic vacuum cleaners, lawnmowers, car cleaners etc. will become the household norm, and many of those products will be iRobot products. Thus, in the long run, there's a ton of growth potential here, the sum of which should drive IRBT stock higher from today's depressed prices. * 10 Stocks to Sell in Market-Cursed September But, this stock also has a ton of trade war exposure, and until tariffs go away or get reduced, it's tough to see investors wanting to "buy the dip" in IRBT stock. So long as "buy the dip" appetite remains depressed, IRBT stock will remain depressed, too. Canopy Growth (CGC)Source: Jarretera / Shutterstock.com Loss Since Earnings Report: 24%Pot stocks had a really tough time this earnings season amid relatively sluggish revenue growth and depressed margins, and the leader of the pack -- Canopy Growth (NYSE:CGC) -- was no exception.Canopy reported first-quarter numbers in mid-August. They were nothing short of awful. Revenues and profits missed by a mile. Margins dropped big year-over-year. Kilograms sold grew only marginally quarter-over-quarter. Revenues actually declined sequentially. The cash balance -- one of the most attractive features of Canopy relative to other pot stocks -- dropped 30% from a year ago.All in all, it was not a good report. Broadly speaking, it confirmed that growth is slowing, profits are still a long way out, and cash burn is a problem that isn't going away any time soon. CGC stock plunged in response. It has stayed in sell-off mode ever since, and today it trades nearly 25% below its Q1 earnings price.Will CGC stock bounce back? Long term, yes. Given its huge growing capacity, global distribution, big balance sheet and Acreage deal to enter the U.S. market, Canopy still projects a leader in the global cannabis market at scale -- and that positioning ultimately implies that Canopy could one day be a $50 billion to $100 billion company. Thus, in the long run, there's huge upside potential here.But, near-term pain will persist for the foreseeable future. Put simply, other cannabis companies are making more progress than Canopy at the current moment, on both the top and bottom-line. Canopy needs to step up its game and regain its competitive edge before investors take a chance on buying what has turned into a falling knife.As of this writing, Luke Lango was long BYND, UAA and CGC. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 7 Worst Stocks That Flopped This Earnings Season appeared first on InvestorPlace.
At Home is doing what it can to navigate President Trump's trade war with China. CEO Lee Bird joins Yahoo Finance to talk about the war's impact on the retailer.
NEW YORK , Sept. 6, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following index adjustments to the S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its ...
E-commerce company Etsy has introduced several new business initiatives as it seeks to drive long-term value. But will it propel sustainable, profitable growth and boost Etsy stock?
Etsy Inc. said Tuesday that it is combining its promoted listings ad platform with its Google Ads tool to create Etsy Ads, a new platform that will help sellers reach shoppers both on and off the Etsy site through marketing programs sellers pay for. Etsy says it will also invest more in television ads and other marketing to make the Etsy site more visible. Etsy stock has climbed 12.6% for the year to date while the S&P 500 index is up 14.5% for the period.