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Looking to get involved in consumer related stocks to take advantage of the winners of consumer spending in the holiday season?

We began by screening the consumer goods sector for stocks that appear to be undervalued relative to earnings growth, with PEG below 1.

We then screened for those with bullish sentiment from institutional buying, with net positive purchases in the quarter representing at least 5% of share float. This indicates "smart money" investors are bullish on these names' prospects.

For an interactive version of this chart, click on the image below. Average analyst ratings sourced from Zacks Investment Research.

Do you think these stocks should be trading higher? Use this list as a starting point for your own analysis.

1. Cooper Tire & Rubber Co. (CTB): Together with its subsidiaries, manufactures and markets replacement tires in North America and internationally. Market cap at $1.58B, most recent closing price at $24.61. Net institutional purchases in the current quarter at 3.4M shares, which represents about 5.81% of the company's float of 58.52M shares. PEG at 0.67. As of September 30th, 2012, the top 2 holders of the stock are The Vanguard Group (5.6%), and National Rural Electric Cooperative (4.5%).

2. Green Mountain Coffee Roasters, Inc. (GMCR): Engages in the specialty coffee and coffee maker business. Market cap at $6.32B, most recent closing price at $41.87. Net institutional purchases in the current quarter at 14.4M shares, which represents about 11.97% of the company's float of 120.30M shares. PEG at 0.99. As of September 30th, 2012, the top 2 holders of the stock are FMR, LLC (16%), and Capital Research Global Advisors (12%).

3. LeapFrog Enterprises, Inc. (LF): Provides technology-based learning platforms worldwide. Market cap at $535.03M, most recent closing price at $7.92. Net institutional purchases in the current quarter at 6.8M shares, which represents about 12.52% of the company's float of 54.32M shares. PEG at 0.48. As of September 30th, 2012, the top 2 holders of the stock are Wells Fargo (7.6%), and Franklin Resources (6.6%).

4. Vera Bradley, Inc. (VRA): Engages in the design, production, marketing, and retail of functional accessories for women under the Vera Bradley' brand. Market cap at $1.04B, most recent closing price at $25.60. Net institutional purchases in the current quarter at 1.4M shares, which represents about 7.93% of the company's float of 17.65M shares. PEG at 0.88. As of September 30th, 2012, the top 2 holders of the stock are Daruma Capital Management (5.5%), and SAC Capital Advisors (5.2%).

* Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 4 Consumer Goods Stocks With Recent Institutional Buying