Weekly Market Movers: Recreational Vehicles on Top, Apparel Manufacturing Drops

October 28, 2019

During the week of Oct 21 – 27, the Recreational Vehicles industry saw a sentiment increase of 73 points. Polaris Inc. and BRP Inc. were among the companies with the highest aggregated sentiment scores, reaching 51 points and 38 points respectively.

The sentiment score for Polaris Inc. reached 51 points as the company issued a FY19 EPS guidance of $6.20-6.30 and revenue guidance of $6.81 billion. Polaris Inc. posted its quarterly earnings data on Tuesday, October 22nd, reporting $1.68 EPS for the quarter. Last Friday, the company shares were upgraded from a ‘sell’ to a ‘hold’ rating by Zacks Investment Research.

Meanwhile, the sentiment score of BRP Inc. reached 38 points. The company’s shares also reached a new 52-weeks record high on Monday, 21. October, and received an average recommendation of “Buy” from all ten rating firms that are covering the company.

On the other hand, Apparel Manufacturing was the worst-performing industry with a drop of 44 sentiment points. The biggest losers included Gildan Activewear Inc. and Gerry Weber International AG.

Gildan Activewear is scheduled to release its earnings data on Thursday, October 31st. Several research firms offered their views on Gildan Activewear: Royal Bank of Canada and BMO Capital Markets lowered their price targets. The company has an average rating of “Hold” and an average target price of $30.60.

Gerry Weber also ranked bottom with a sentiment score of -32 points. The insolvency plan of Gerry Weber which was approved by the creditors in September is now ratified and can be implemented. The decision might clear the way for the company’s redevelopment. Since January 25th, the company has been undergoing insolvency proceedings under self-administration. Formal proceedings were opened on 1 April 2019.

Notes:

1 Companies that contributed most to last week’s industry sentiment change.

2  Top trending event related to the respective company.

3  Weekly aggregated company sentiment score (ranging from -100 to +100).

4  Weekly aggregated company attention buzz (the percentage by which the number of news, blogs and tweets about an asset deviates from normal attention).

*Industry name and classification as per Morning Star


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