03:46 PM EDT, 05/16/2024 (MT Newswires) -- Consumer stocks were mixed in late Thursday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) decreasing 0.4%.

In corporate news, United Airlines (UAL) is no longer under a Federal Aviation Administration-mandated operational freeze, Bloomberg reported Thursday, citing a company message to employees it has viewed. The airline's shares were shedding 0.2%.

Ralph Lauren's ( RL ) transformation "will lead to upside EPS surprises and drive stock price appreciation" in the next 12 months,

UBS Securities said Thursday. UBS raised the price target on the company to $250 from $244 and reiterated its buy rating. Ralph Lauren ( RL ) shares were shedding 1.1%.

Walmart ( WMT ) shares popped 7.4% after it reported higher fiscal Q1 adjusted earnings and revenue. The company also said it now expects to meet the high-end or "slightly" exceed its initial outlook for the full fiscal year.

Under Armour ( UAA ) reported mixed fiscal Q4 results and offered a downbeat outlook on Thursday fueled by ongoing softness in North America, while the sportswear maker launched a restructuring plan that includes expected layoffs. Its shares fell 1.6%.