Interested in gaining exposure to consumer spending trends? For ideas on how to start your own retailer stock search, we ran a screen.
We began by screening the retail industry for stocks that have outperformed the market over the last month, with quarterly performance above 20%.
We then screened for those with bullish sentiment from institutional investors, with significant 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 into the future.
Interactive Chart: Press Play to compare changes in market cap over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.
We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.
Do you think these names will continue to outperform the market? Use this list as a starting point for your own analysis.
List sorted by net institutional purchases over the last quarter as a percent of share float.
1. Barnes & Noble, Inc. (BKS): Operates as a content, commerce, and technology company in the United States. Market cap at $1.08B, most recent closing price at $18.24. Performance over the last quarter at 38.66%. Net institutional purchases in the current quarter at 7.7M shares, which represents about 39.71% of the company's float of 19.39M shares.
2. Sally Beauty Holdings Inc. (SBH): Engages in the distribution and retail of professional beauty supplies. Market cap at $4.97B, most recent closing price at $26.52. Performance over the last quarter at 22.86%. Net institutional purchases in the current quarter at 23.2M shares, which represents about 16.83% of the company's float of 137.88M shares.
3. Skechers USA Inc. (SKX): Engages in the design, development, marketing, and distribution of footwear for men, women, and children in the United States and internationally. Market cap at $898M, most recent closing price at $17.72. Performance over the last quarter at 27.64%. Net institutional purchases in the current quarter at 3.6M shares, which represents about 8.42% of the company's float of 42.75M shares.
4. Liz Claiborne Inc. (LIZ): Engages in the design and marketing of a range of apparel and accessories. Market cap at $1.37B, most recent closing price at $12.45. Performance over the last quarter at 37.24%. Net institutional purchases in the current quarter at 8.7M shares, which represents about 8.04% of the company's float of 108.26M shares.
5. Vitamin Shoppe, Inc. (VSI): Operates as a specialty retailer and direct marketer of nutritional products. Market cap at $1.49B, most recent closing price at $51.81. Performance over the last quarter at 23.50%. Net institutional purchases in the current quarter at 1.7M shares, which represents about 6.51% of the company's float of 26.10M 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.
