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Do you like to follow the buying trends of smart money hedge fund managers? We ran a screen to find stocks currently favored by them.

We began by screening the consumer goods sector for stocks with high growth projections, with 5-year projected EPS growth rates above 15%.

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.

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

Tool provided by Kapitall.

Do you think these companies 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. Arctic Cat Inc. (NASDAQ:ACAT): Designs, engineers, manufactures, and markets snowmobiles and all-terrain vehicles under the Arctic Cat brand name in the United States and internationally. Market cap at $495.22M. Price at $38.13. 5-year projected EPS growth at 16.00%. Net institutional purchases in the current quarter at 1.6M shares, which represents about 12.54% of the company's float of 12.76M shares.

2. VeriFone Systems, Inc (NYSE:PAY): Designs, markets, and services electronic payment solutions that enable secure electronic payments among consumers, merchants, and financial institutions worldwide. Market cap at $3.52B. Price at $33.09. 5-year projected EPS growth at 24.40%. Net institutional purchases in the current quarter at 12.8M shares, which represents about 12.07% of the company's float of 106.09M shares.

3. LeapFrog Enterprises Inc. (NYSE:LF): Provides technology-based learning platforms worldwide. Market cap at $694.10M. Price at $10.36. 5-year projected EPS growth at 20.00%. Net institutional purchases in the current quarter at 6.0M shares, which represents about 11.71% of the company's float of 51.22M shares.

4. Vera Bradley, Inc. (NASDAQ:VRA): Engages in the design, production, marketing, and retail of functional accessories for women under the Vera Bradley brand. Market cap at $799.66M. Price at $19.91. 5-year projected EPS growth at 19.88%. Net institutional purchases in the current quarter at 2.1M shares, which represents about 10.43% of the company's float of 20.13M shares.

5. Deckers Outdoor Corp. (NYSE:DECK): Engages in the design, production, marketing, and brand management of footwear and accessories for outdoor activities and everyday casual lifestyle use. Market cap at $1.68B. Price at $44.49. 5-year projected EPS growth at 19.76%. Net institutional purchases in the current quarter at 3.6M shares, which represents about 9.8% of the company's float of 36.75M shares.

6. SodaStream International Ltd. (NASDAQ:SODA): Engages in the development, manufacture, and marketing of home beverage carbonation systems and related products. Market cap at $813.86M. Price at $41.73. 5-year projected EPS growth at 30.00%. Net institutional purchases in the current quarter at 1.4M shares, which represents about 9.31% of the company's float of 15.04M shares.

7. BorgWarner Inc. (NYSE:BWA): Engages in the manufacture and sale of engineered automotive systems and components primarily for power train applications worldwide. Market cap at $7.48B. Price at $66.25. 5-year projected EPS growth at 18.63%. Net institutional purchases in the current quarter at 8.5M shares, which represents about 7.51% of the company's float of 113.14M shares.

8. GildanActivewear Inc. (NYSE:GIL): Manufactures and sells T-shirts, activewear, underwear, and socks to wholesale screen printers, embroiderers, and retailers in North America, Europe, and internationally. Market cap at $3.29B. Price at $27.46. 5-year projected EPS growth at 23.00%. Net institutional purchases in the current quarter at 7.6M shares, which represents about 7.51% of the company's float of 101.17M shares.

9. G-III Apparel Group, Ltd. (NASDAQ:GIII): Designs, manufactures, imports, and markets a range of outerwear and sportswear apparel to retailers primarily in the United States. Market cap at $494.26M. Price at $25.00. 5-year projected EPS growth at 17.50%. Net institutional purchases in the current quarter at 933.7K shares, which represents about 5.83% of the company's float of 16.01M shares.

10. Delta Apparel Inc. (NYSEMKT:DLA): Operates as an international design, marketing, manufacturing, and sourcing company that features a portfolio of branded and private label activewear apparel and headwear. Market cap at $122.61M. Price at $14.45. 5-year projected EPS growth at 20.00%. Net institutional purchases in the current quarter at 348.1K shares, which represents about 5.15% of the company's float of 6.76M shares.

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

Source: 10 High-Growth Consumer Goods Stocks Being Bought Up By Hedge Funds