Brokerages expect Etsy Inc (NASDAQ:ETSY) to announce sales of $132.89 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Etsy’s earnings. The highest sales estimate is $134.40 million and the lowest is $132.39 million. Etsy reported sales of $110.21 million during the same quarter last year, which indicates a positive year over year growth rate of 20.6%. The business is expected to issue its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that Etsy will report full year sales of $132.89 million for the current year, with estimates ranging from $436.80 million to $439.30 million. For the next year, analysts anticipate that the firm will report sales of $519.76 million per share, with estimates ranging from $506.92 million to $529.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Etsy.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, September 7th. BidaskClub upgraded shares of Etsy from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 price objective (up from $15.00) on shares of Etsy in a report on Tuesday, November 7th. Ifs Securities reiterated an “outperform” rating and issued a $22.00 price objective (up from $18.00) on shares of Etsy in a report on Tuesday, November 7th. Finally, Royal Bank of Canada upped their price objective on shares of Etsy from $16.00 to $18.00 and gave the company a “sector perform” rating in a report on Tuesday, November 7th. Eleven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.69.

In other news, Director Frederick R. Wilson sold 87,938 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $16.24, for a total value of $1,428,113.12. Following the completion of the sale, the director now owns 822,062 shares of the company’s stock, valued at $13,350,286.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Etsy by 4.3% during the second quarter. Vanguard Group Inc. now owns 7,873,527 shares of the specialty retailer’s stock worth $118,103,000 after purchasing an additional 325,998 shares during the period. BlackRock Inc. lifted its position in Etsy by 5.5% during the second quarter. BlackRock Inc. now owns 6,701,573 shares of the specialty retailer’s stock worth $100,523,000 after purchasing an additional 351,751 shares during the period. Janus Henderson Group PLC bought a new stake in Etsy during the second quarter worth about $95,291,000. TPG Group Holdings SBS Advisors Inc. lifted its position in Etsy by 2,287.5% during the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 5,003,888 shares of the specialty retailer’s stock worth $75,058,000 after purchasing an additional 4,794,297 shares during the period. Finally, State Street Corp lifted its position in Etsy by 4.4% during the second quarter. State Street Corp now owns 2,401,810 shares of the specialty retailer’s stock worth $36,040,000 after purchasing an additional 101,859 shares during the period. 74.40% of the stock is owned by institutional investors and hedge funds.

Etsy (ETSY) remained flat at $$20.41 during trading hours on Thursday. 724,104 shares of the company’s stock traded hands, compared to its average volume of 2,065,400. Etsy has a 12 month low of $9.41 and a 12 month high of $21.86. The stock has a market capitalization of $2,480.00 and a price-to-earnings ratio of 170.08. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.19.

Etsy announced that its Board of Directors has initiated a share buyback plan on Friday, November 17th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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Etsy Company Profile

Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.

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