- Back-to-school refers to the period when students and their parents buy school supplies for the upcoming session at school.
- In Australia, the given period generally begins and ends in February.
- HNG, ZNO, and AKG are three school stocks that can be looked at by investors.
In merchandising parlance, back-to-school is referred to as the period in which students and their parents buy school supplies and apparel for the forthcoming session at school. Departmental stores and other shops related to school business could be seen advertising sale offers on school supplies, children, and young adult clothing. In Australia, the given period generally begins and ends in February.
With different states in Australia mulling to reopen schools, back-to-school stocks listed on the ASX could see enjoy some upside potential. A few days back, Australia’s Prime Minister Scott Morrison and state and territory leaders met and confirmed the plans to reopen schools across the country in the coming weeks.
On this note, let’s explore three ASX stocks which are in spotlight amid the existing back-to-school plans:
HGL Ltd (ASX:HNG)
HGL is a diversified investment company, founded in 1835. It owns several brands including Mountcastle. The company serves schools as well as military and fashion clients. A couple of years back, HGL acquired popular school uniform supplier LW Reid.
The stock has delivered a negative year-to-date (YTD) return of over 6%. In the past year, the stock rose over 40%. In the past month, the stock fell nearly 9%.
Source: © Kiosea39 | Megapixl.com
Zoono Group Ltd (ASX:ZNO)
Parents would certainly be considering hygiene factor as schools reopen. Zoono Group is into the development and sale of antimicrobial products all over the world. It provides the world’s most efficient antibacterial solution.
The stock has delivered a year-to-date (YTD) return of over 12%. In the past year, the stock fell by over 67%. In the past month, the stock climbed by over 9%.
Academies Australasia Group Ltd (ASX:AKG)
Academies Australasia offers various diploma and bachelor’s degree programs.
The stock has delivered a negative year-to-date (YTD) return of nearly 9%. In the past year, the stock fell by over 32%. In the past month, the stock climbed nearly 9%.
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