Services Stocks Technical Report -- Etsy Inc., Sotheby's, Tractor Supply, and Performance Sports

Sep 01, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, September 1, 2016 /PRNewswire/ --

This morning,'s attention is directed to the U.S. Services sector which rose at a much slower pace in July than the month prior. According to Financial Times, the Institute for Supply Management's non-manufacturing gauge fell to 55.5 in July from 56.5 in June, just short of analysts' expectation of 55.9. Let us take a look at the following equities and see how they fared in recent weeks: Etsy Inc. (NASDAQ: ETSY), Sotheby's (NYSE: BID), Tractor Supply Co. (NASDAQ: TSCO), and Performance Sports Group Ltd (NYSE: PSG). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

Etsy Inc. 

Brooklyn, New York headquartered Etsy Inc.'s stock finished Wednesday's session 0.07% lower at $13.46 with a total volume of 495,699 shares traded. The Company's shares have advanced 5.90% in the past month, 44.42% over the previous three months, and 62.95% since the start of this year. The stock is trading 17.14% above its 50-day moving average and 45.08% above its 200-day moving average. Additionally, shares of Etsy, which operates a marketplace to make, sell, and buy goods online and offline worldwide, have a Relative Strength Index (RSI) of 59.20.

On August 2nd, 2016, Etsy reported that total revenue in Q2 2016 was $85.3 million, up 39.1% y-o-y. Gross margin was 65.9%, up 160 bps, compared to 64.3% in Q2 2015. Net loss for Q2 2016 was $7.3 million compared to a net loss of $6.4 million in Q2 2015.

On August 03rd, 2016, research firm ROTH Capital upgraded the Company's stock rating from 'Sell' to 'Neutral'. The research firm also revised upwards its previous target price from $6.50 to $14.25. Visit us today and access our complete research report on ETSY at:


On Wednesday, shares in New York headquartered Sotheby's recorded a trading volume of 1.39 million shares, which was above their three months average volume of 1.35 million shares. The stock ended the session 2.32% lower at $39.65. The Company's shares have surged 25.83% in the last one month, 30.30% in the previous three months, and 53.92% on an YTD basis. The stock is trading 20.40% above its 50-day moving average and 41.44% above its 200-day moving average. Moreover, shares of Sotheby's, which operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles in the US, the UK, China, France, Switzerland, and internationally, have an RSI of 66.23.

On August 8th, 2016, Sotheby reported net income of $89.0 million and diluted earnings per share of $1.52 for Q2 2016 compared to $67.6 million and $0.96, respectively, a year ago. The company's total revenue was $298.67 million in Q2 2016 versus revenue of $332.01 million in the year ago quarter. The complimentary report on BID can be downloaded at:

Tractor Supply  

Shares in Brentwood, Tennessee-based Tractor Supply Co. closed the day 0.36% lower at $83.95. The stock recorded a trading volume of 1.37 million shares, which was higher than its three months average volume of 1.13 million shares. The Company's shares are trading 5.24% below its 200-day moving average. Additionally, shares of Tractor Supply, which operates rural lifestyle retail stores in the US, have an RSI of 35.82. Register for free on and access the latest research report on TSCO at:

Performance Sports Group  

At the close, shares in Exeter, New Hampshire headquartered Performance Sports Group Ltd ended at $2.71, climbing 1.12%. The stock recorded a trading volume of 1.93 million shares, which was above its three months average volume of 1.07 million shares. The Company's shares are trading below their 50-day moving average by 5.75%. Furthermore, shares of Performance Sports Group, which together with its subsidiaries, designs, manufactures, and distributes performance sports equipment, related apparel, and accessories for ice hockey, roller hockey, lacrosse, baseball, and softball primarily in the US, Canada, and Europe, have an RSI of 53.41.

On August 16th, 2016, research firm Wedbush downgraded the Company's stock rating from 'Outperform' to 'Neutral'. The research firm also revised downwards its previous target price from $5 to $2.50.

On August 30th, 2016, the company announced that it has executed amendments to its asset-backed revolving credit facility and secured term-loan credit facility that provide the Company with, among other things, a 60-day extension to file its Annual Report on Form 10-K, including its annual audited financial statements for the fiscal year ended May 31st, 2016 and the related management's discussion and analysis (collectively, the "Annual Filings"). The Company has agreed to increase the applicable margin by 1.5% (of which 1% is payable in kind) under the term loan credit facility and by 0.5% under the revolving credit facility, subject to certain levels of leverage and availability. Get free access to your research report on PSG at:


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