Mother’s Day comes but once a year… on the second Sunday in May. This time around, it has fallen on May 9. And in case you haven’t bought your mom a nice gift yet, it is still not too late to fetch her some investment opportunities in the stock market.
So, let’s look into the stock performances of three companies with the occasion of Mother’s Day in mind.
The Honest Company Inc (NASDAQ:HNST, HNST:US)
Started in 2011 by actor-cum-entrepreneur Jessica Alba when she was a young mother herself, The Honest Company debuted on the stock markets on Wednesday, May 5.
At its initial public offering (IPO) on Tuesday, Honest raised about US$ 412.8 million following a sale of about 25.8 million shares in the upper end of its expected range.
On the first day of trading, the baby and beauty products maker saw its stocks rise by about 44 per cent from its IPO price of US$ 16 to US$ 23. While scrip has since dwindled to a value of US$ 19.87 apiece (12.08PM EST, May 7), it is still up by about 24 per cent from the IPO price.
Following its IPO, Honest’s valuation reportedly stood at about US$ 2 billion.
Aritzia Inc (TSX:ATZ)
In the spirit of Mother’s Day, let’s look at least one fashion brand. Canadian upscale retail chain Aritzia Inc records a price-to-earnings (P/E) ratio of 137.2 and a return on equity (ROE) of 7.69 per cent, as per TMX.
Its stock grew over 56 per cent in the last six months and ballooned by a whopping 106 per in the past year.
The C$ 2.7-billion market cap company saw its net revenue surge by 4.1 per cent year-over-year (YoY) to C$ 278.3 million in the third quarter of fiscal 2021. Its e-commerce revenue for the same period catapulted by 78.5 per cent (YoY).
goeasy Ltd (TSX:GSY)
Now let’s steer a little away from women-centric enterprises and focus on a financial stock. Financial services provider goeasy Ltd recorded a stock price growth of about 60 per cent YTD.
In the last one year, on the other hand, goeasy stock expanded by a whopping 216 per cent.
The company also doles out a dividend of C$ 0.66 on a quarterly basis, and its present dividend yield is 1.768 per cent, as per TMX.
At the moment, goeasy holds a P/E ratio of 16.5 and an ROE of 20.71 per cent.
There you go! Three TSX-listed options to explore for Mother’s Day.
The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.