Do you like gaining exposure to consumer spending trends? For a closer look at interesting stocks from the consumer goods sector, we ran a screen.
We began by screening the consumer goods sector for high-growth names, with 5-year projected EPS growth above 15%.
We then screened for those stocks also seeing strong net institutional purchases over the last quarter, representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform.
Interactive Chart: Press Play to compare changes in market cap over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.
Do you think these stocks will meet their high-growth expectations? Use this list as a starting point for your own analysis.
List sorted by net institutional purchases as a percent of share float.
1. Visteon Corp. (VC): Supplies automotive systems, modules, and components to automotive original equipment manufacturers worldwide. Market cap at $2.73B, most recent closing price at $50.51. 5-year projected EPS growth at 18.45%. Net institutional purchases in the current quarter at 5.4M shares, which represents about 10.66% of the company's float of 50.65M shares.
2. Stoneridge Inc. (SRI): Engages in the design and manufacture of engineered electrical and electronic components, modules, and systems for the medium and heavy-duty truck, automotive, agricultural, and off-highway vehicle markets primarily in North America and Europe. Market cap at $250.97M, most recent closing price at $8.75. 5-year projected EPS growth at 35.20%. Net institutional purchases in the current quarter at 2.4M shares, which represents about 10.29% of the company's float of 23.33M shares.
3. Tesla Motors, Inc. (TSLA): Designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. Market cap at $3.51B, most recent closing price at $32.80. 5-year projected EPS growth at 25.00%. Net institutional purchases in the current quarter at 6.7M shares, which represents about 9.75% of the company's float of 68.70M shares.
4. PVH Corp. (PVH): Designs and markets branded dress shirts, neckwear, sportswear, footwear, and other related products worldwide. Market cap at $6.2B, most recent closing price at $88.82. 5-year projected EPS growth at 15.70%. Net institutional purchases in the current quarter at 5.6M shares, which represents about 8.47% of the company's float of 66.08M shares.
5. LeapFrog Enterprises Inc. (LF): Provides technology-based learning platforms worldwide. Market cap at $628.02M, most recent closing price at $9.38. 5-year projected EPS growth at 18.00%. Net institutional purchases in the current quarter at 4.1M shares, which represents about 7.88% of the company's float of 52.05M shares.
6. Select Comfort Corporation (SCSS): Develops, manufactures, markets, and supports adjustable-firmness beds and other sleep-related accessory products in the U. Market cap at $1.7B, most recent closing price at $29.32. 5-year projected EPS growth at 20.00%. Net institutional purchases in the current quarter at 3.6M shares, which represents about 6.59% of the company's float of 54.66M shares.
7. Westport Innovations Inc. (WPRT): Provides alternative fuel, low-emissions technologies that enable engines to operate on fuels, such as compressed natural gas, liquefied natural gas, hydrogen, and biofuels. Market cap at $1.72B, most recent closing price at $31.54. 5-year projected EPS growth at 30.00%. Net institutional purchases in the current quarter at 2.7M shares, which represents about 6.55% of the company's float of 41.20M shares.
8. Under Armour, Inc. (UA): Designs, develops, markets, and distributes a range of apparel and accessories using synthetic microfiber fabrications. Market cap at $5.15B, most recent closing price at $98.14. 5-year projected EPS growth at 21.78%. Net institutional purchases in the current quarter at 2.5M shares, which represents about 6.16% of the company's float of 40.59M shares.
9. Lululemon Athletica Inc. (LULU): Engages in the design, manufacture, and distribution of athletic apparel and accessories for women, men, and female youth primarily in Canada, the United States, and Australia. Market cap at $10.71B, most recent closing price at $74.37. 5-year projected EPS growth at 28.77%. Net institutional purchases in the current quarter at 6.0M shares, which represents about 5.95% of the company's float of 100.76M shares.
10. Lifeway Foods Inc. (LWAY): Lifeway Foods, Inc., together with its subsidiaries, manufactures dairy and non-dairy health food products. Market cap at $141.28M, most recent closing price at $8.57. 5-year projected EPS growth at 25.00%. Net institutional purchases in the current quarter at 270.7K shares, which represents about 5.85% of the company's float of 4.63M shares.
11. Tempur Pedic International Inc. (TPX): Distributes bedding products worldwide. Market cap at $3.79B, most recent closing price at $58.92. 5-year projected EPS growth at 15.80%. Net institutional purchases in the current quarter at 3.1M shares, which represents about 5.37% of the company's float of 57.69M shares.
12. Smart Balance, Inc (SMBL): Distributes various food products in the United States and internationally. Market cap at $350.69M, most recent closing price at $5.95. 5-year projected EPS growth at 20.00%. Net institutional purchases in the current quarter at 2.6M shares, which represents about 5.28% of the company's float of 49.22M shares.
*Institutional data sourced from Fidelity, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
