|Bid||42.96 x 1800|
|Ask||42.97 x 1000|
|Day's Range||41.70 - 45.87|
|52 Week Range||13.58 - 45.87|
|PE Ratio (TTM)||55.77|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.40|
Shares of online retailers like Amazon fell in trading after the Supreme Court ruled states have the right to collect potentially billions of dollars in taxes from internet sales. The decision overturns a ruling from 1992, which limited tax collection by retailers for online sales, regardless of whether or not a business maintains a physical presence in a state. "Retailers have been waiting for this day for more than two decades," the National Retail Federation said in a statement.
A year ago, Etsy Inc. was in trouble. Activist investors were clamoring for change, and in May 2017 they got it: The board fired longtime Chief Executive Officer Chad Dickerson and replaced him with Josh Silverman, a former EBay Inc. and American Express Co. executive. Silverman, 49, is worlds away from Etsy co-founder Rob Kalin, who started the marketplace as a kinder, more equitable way for artisans to sell their work online.
Etsy has crafted quite the comeback. Just 13 months ago, the online marketplace for quirky, handmade goods was in turmoil. With Amazon gearing up to launch its own rival website for everything from homecrafted unicorn horns to crochet art, the end appeared to be nigh.
The arts and crafts marketplace operator has more than tripled over the past year, and things should get even better after a transaction fee hike.
Some DIY crafters shut down their online stores after Etsy announced it would increase the fees that sellers payBen King / Broad Green Pictures / Everett CollectionIt will cost DIY crafters a bit more to sell their wares on the online marketplace Etsy. Since 2017, Christine Fox has been building a following on the online craft marketplace Etsy. The company is increasing the fees that sellers must pay on purchases from 3.5% to 5%.
What a run it has been for Etsy Inc (NASDAQ:ETSY). Etsy stock now has tripled over the past year, with a 208% gain the 19th best among the nearly 1,900 stocks with a market capitalization over $2 billion. Last week ETSY rose 27% after announcing that it was raising fees on its platforms, while also rolling out new services for its sellers.
The Nasdaq rose to a new high while the Dow retreated amid Trump trade moves. A federal judge OK'd the AT&T-Time Warner deal while the Fed sees more rate hikes. RH and Etsy soared.
Etsy, Inc. ( ETSY) investors aren't the only ones benefiting from the e-commerce website's plan to increase seller fees and spend more money boosting the business – so is Vanguard, one of the world's largest fund companies. As of the end of May, Barron's reported that Vanguard is now Etsy's largest shareholder, recently raising its stake in the online crafts marketplace operator to 10.1%. Under U.S. Securities and Exchange Commission rules, once investors cross the 10% ownership threshold, they have to disclose the stake in a regulatory filing.
On Friday morning, Etsy (ETSY) took a bit of a breather. A day after the Barron’s Next 50 stock soared following the announcement of new, higher, seller fees and bullish updated revenue guidance, things cooled somewhat, the shares ticking up only slightly in Friday morning trading—though they remain up some 105% for the year and sit at all-time highs. The “turbulence” CEO Josh Silverman predicted in a recent conversation with Barron’s Next remained in play.
Etsy ETSY is on fire. Shares of the online marketplace soared as much as 35 percent, to an all-time high on Thursday, after the company raised its transaction fee on its sellers' sales and boosted its full-year outlook on revenue growth. "I think this is a great example of the market rewarding growth," said Stacey Gilbert, head of derivative strategy at Susquehanna.
NEW YORK, NY / ACCESSWIRE / June 15, 2018 / While it was an exciting day for one crafts company, it was a very disappointing day for another. Shares of Etsy were exploding in Thursday trading and even hitting a new high after announcing an increase in its cut that the company takes from sales. Shares of The Michaels Companies plummeted and came just 50 cents shy of hitting its 52-week low during intra-day trading after issuing worrisome second quarter guidance.
Online retailer Etsy (ETSY) jumped 26.3% after the company announced that it hiked its seller transaction fee to 5% from 3.5% earlier. Etsy added that this move would be applicable to shipping costs as well. Etsy is looking to ramp up investments in marketing and product innovation and expects the higher fees to facilitate this.
Thanks in large part to the fee hike, Etsy raised its 2018 revenue growth guidance to a range of 32% to 34% from a prior range of 22% to 24%. Etsy, now up about 500% from its early-2016 lows, has also unveiled plans to launch a pair of subscription services -- Etsy Plus and Etsy Premium -- for active sellers.
It took more than three years, but Etsy shares finally surpassed levels reached during their public debut, after the company raised its revenue outlook and its fee structure.
Online crafts marketplace Etsy Inc. said it is increasing the transaction fees it charges, cheering Wall Street investors but angering some of the merchants that sell on the site. Starting July 16, the transaction fee charged by Etsy when a seller makes a sale will rise to 5% from 3.5%, the company said Thursday. It also will begin charging sellers a 5% fee on shipping costs.
Shares of Etsy soared 26% to $41.65 in trading Thursday after the company announced it will be increasing the cut it takes from sales made on its site from 5% from just 3.5% on July 16. "Our revised fee structure will allow us to make more meaningful investments on behalf of our sellers while remaining what we believe is the best value for entrepreneurs looking to start, manage, and grow a creative business," Etsy CFO Rachel Glaser said in a statement. The company revised its revenue projections for 2018 from between 22% to 24% to between 32% to 34% following the announcement.
Monday, June 18: China retaliates against Trump’s tariffs; Google invests $550 million in Chinese e-commerce giant JD.com, Etsy jacks up seller fees, stock soars. Yahoo Finance’s Dan Roberts kicks off your week in business news.
Brian Hoffman talks about who the typical Open Bazaar user and why someone would buy or sell something there rather than eBay or Etsy.