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The Zacks Analyst Blog Highlights: Crocs, Academy Sports and Outdoors, GIII Apparel, La-Z-Boy and Vista Outdoor
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For Immediate Release
Chicago, IL – October 12, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Crocs, Inc. (CROX - Free Report) , Academy Sports and Outdoors, Inc. (ASO - Free Report) , GIII Apparel Group, LTD. (GIII - Free Report) , La-Z-Boy Inc. (LZB - Free Report) and Vista Outdoor Inc. (VSTO - Free Report) .
Here are highlights from Monday’s Analyst Blog:
5 Top Consumer Discretionary Stocks to Buy for Q4
During the summer season, the spread of the more contagious Delta variant of the coronavirus impacted outlays on dining, hotels, and traveling. Still, consumers are better positioned to help the U.S. economy recover in the near term eventually. This is because, during the pandemic, consumers increased their savings and benefited from plenty of job openings and a rise in wages.
Thus, it’s expected that consumers will now splurge more on discretionary items than they did last year. In fact, consumers’ personal income went up 0.2% in August. Similarly, per the Commerce Department, personal spending on goods and services increased 0.8% in August following a decline of 0.1% in the prior month, citing a WallStreet Journal article.
No doubt, high inflation is weighing on consumer optimism. But adjusted for inflation, personal spending still picked up in August. Real personal outlays increased 0.4% in August, following a decline of 0.5% in July, as mentioned in a business times article. At the same time, the economy had already expanded at a healthy pace in the second quarter, indicating growth in consumer spending that has been the most significant source of economic growth.
By the way, Americans’ view about the economy improved last month, a tell-tale sign that consumers must be willing to spend in the near future. The WallStreet Journal article cited that as per a survey by the University of Michigan, the consumer sentiment index for September came in at 72.8, up from August’s reading of 70.3.
A greater number of consumers are likely to spend more in the coming holiday season in comparison to last year. Citing a bakemag article, according to the NPD Group, at least 29% of consumers in the United States are willing to spend more during the traditional November and December holiday period than they did last year. Moreover, holiday spending is expected to rise 3% during this year's November and December period from last year.
The NPD Group further found that six out of 10 consumers are now more comfortable visiting stores to purchase items once the health crisis has been controlled and vaccines are readily available.
So, the renewed strength in consumer outlays will unquestionably lift consumer discretionary stocks now and in the near future. We have, thus, selected five such stocks that possess a Zacks Rank #1 (Strong Buy) or 2 (Buy) and should make meaningful additions to your portfolio.
Crocs is one of the leading footwear brands with a focus on comfort and style. The company has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 1.6% over the past 60 days. The company’s expected earnings growth rate for the current year is almost 144%.
Academy Sports and Outdoors provides sporting goods and outdoor recreation retailers, principally in the United States. The company has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 36.9% over the past 60 days. The company’s expected earnings growth rate for the current year is 67.6%.
GIII Apparel is a manufacturer, designer and distributor of apparel and accessories under licensed brands, owned brands and private label brands. The company has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 17.8% over the past 60 days. The company’s expected earnings growth rate for the current year is 341.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
La-Z-Boy is one of the world's leading residential furniture producers, marketing furniture for every room of the home. The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has risen 15.1% over the past 60 days. The company’s expected earnings growth rate for the current year is 28.2%.
Vista Outdoor develops, manufactures and distributes optics, accessories and eyewear. The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has climbed 0.2% over the past 60 days. The company’s expected earnings growth rate for the current year is 66.4%.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Crocs, Academy Sports and Outdoors, GIII Apparel, La-Z-Boy and Vista Outdoor
For Immediate Release
Chicago, IL – October 12, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Crocs, Inc. (CROX - Free Report) , Academy Sports and Outdoors, Inc. (ASO - Free Report) , GIII Apparel Group, LTD. (GIII - Free Report) , La-Z-Boy Inc. (LZB - Free Report) and Vista Outdoor Inc. (VSTO - Free Report) .
Here are highlights from Monday’s Analyst Blog:
5 Top Consumer Discretionary Stocks to Buy for Q4
During the summer season, the spread of the more contagious Delta variant of the coronavirus impacted outlays on dining, hotels, and traveling. Still, consumers are better positioned to help the U.S. economy recover in the near term eventually. This is because, during the pandemic, consumers increased their savings and benefited from plenty of job openings and a rise in wages.
Thus, it’s expected that consumers will now splurge more on discretionary items than they did last year. In fact, consumers’ personal income went up 0.2% in August. Similarly, per the Commerce Department, personal spending on goods and services increased 0.8% in August following a decline of 0.1% in the prior month, citing a WallStreet Journal article.
No doubt, high inflation is weighing on consumer optimism. But adjusted for inflation, personal spending still picked up in August. Real personal outlays increased 0.4% in August, following a decline of 0.5% in July, as mentioned in a business times article. At the same time, the economy had already expanded at a healthy pace in the second quarter, indicating growth in consumer spending that has been the most significant source of economic growth.
By the way, Americans’ view about the economy improved last month, a tell-tale sign that consumers must be willing to spend in the near future. The WallStreet Journal article cited that as per a survey by the University of Michigan, the consumer sentiment index for September came in at 72.8, up from August’s reading of 70.3.
A greater number of consumers are likely to spend more in the coming holiday season in comparison to last year. Citing a bakemag article, according to the NPD Group, at least 29% of consumers in the United States are willing to spend more during the traditional November and December holiday period than they did last year. Moreover, holiday spending is expected to rise 3% during this year's November and December period from last year.
The NPD Group further found that six out of 10 consumers are now more comfortable visiting stores to purchase items once the health crisis has been controlled and vaccines are readily available.
So, the renewed strength in consumer outlays will unquestionably lift consumer discretionary stocks now and in the near future. We have, thus, selected five such stocks that possess a Zacks Rank #1 (Strong Buy) or 2 (Buy) and should make meaningful additions to your portfolio.
Crocs is one of the leading footwear brands with a focus on comfort and style. The company has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 1.6% over the past 60 days. The company’s expected earnings growth rate for the current year is almost 144%.
Academy Sports and Outdoors provides sporting goods and outdoor recreation retailers, principally in the United States. The company has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 36.9% over the past 60 days. The company’s expected earnings growth rate for the current year is 67.6%.
GIII Apparel is a manufacturer, designer and distributor of apparel and accessories under licensed brands, owned brands and private label brands. The company has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 17.8% over the past 60 days. The company’s expected earnings growth rate for the current year is 341.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
La-Z-Boy is one of the world's leading residential furniture producers, marketing furniture for every room of the home. The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has risen 15.1% over the past 60 days. The company’s expected earnings growth rate for the current year is 28.2%.
Vista Outdoor develops, manufactures and distributes optics, accessories and eyewear. The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has climbed 0.2% over the past 60 days. The company’s expected earnings growth rate for the current year is 66.4%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.