Too hot or warming up? Nine consumer stocks with over 100% YTD return

Highlights

• Consumers’ income and spending expectations for the next 12 months increased in November, a survey of the New York Federal Reserve showed.
• The expectations rose to their highest level in eight years, Reuters reported.
• The Dow Jones US Consumer Goods Total Stock Market Index (DWCCGS) grew by 16.75% YTD.

The New York Federal Reserve’s consumer expectation survey data released on Monday showed some interesting facts. The data revealed higher income and spending expectations of consumers interviewed in the survey, the highest expectations in eight years.

The median expectation for inflation rose to 5.7% this month from 5.3% in the prior month. Consumers now expect their income to grow by a median of 3.3% in the next 12 months, while spending expectations increased to 5.4% for one year from now, Reuters reported.

Here we explore nine stocks with more than double YTD returns.

United Natural Foods, Inc. (NYSE:UNFI) 

Year-to-date (YTD) return – 209.8%

The Rhode Island-based United Naturals is a wholesaler of specialty food and non-food products in the US. For the quarter ended July 31, 2021, its revenue was US$6.77 billion and the net income attributable to common shareholders was US$42.5 million.

The company posted revenue of US$26.95 billion, and net income of US$149 million for the fiscal year ended July 31, 2021. Its revenue has been increasing for four consecutive years.

The consumer non-durable sector company has a market cap of US$2.8 billion and a P/E ratio of 20.19. Its stock closed at US$49.47 on November 8, 2021. 

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Live Ventures Incorporated (NASDAQ:LIVE)

Year-to-date (YTD) return – 167.7%

The Las Vegas, Nevada-based Live Ventures is a holding company and has diversified businesses. Its operating segments include retail, steel, manufacturing, corporate, etc.

For the quarter ended June 30, 2021, the company earned revenue of US$69 million and net income of US$9.9 million. It had cash and equivalents of US$10.57 million as of June 30, 2021.

The market capitalization of the company is US$53 million, and the P/E ratio is 2.56. 

The stock closed at US$33.11 on November 8.

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Crocs, Inc. (NASDAQ:CROX)

Year-to-date (YTD) return – 181.7%

The Niwot, Colorado-based shoemaker company designs and markets casual footwear for children, women, and men. 

For the June quarter of 2021, the lifestyle brand earned revenue of US$625.9 million. Its net income was US$153 million, and cash and cash equivalents were US$438 million at the end of the quarter.

The company has a market capitalization of US$10 billion and a P/E ratio of 15.35, with a forward P/E one-year ratio of 23.26. the CROX stock closed at US$176.54 on November 8, 2021.

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Hovnanian Enterprises, Inc. (NYSE:HOV)

Year-to-date (YTD) return – 166.5%

The Matawan, New Jersey-based construction company was founded in 1959. Its focuses on constructing residential properties. The Hovnanian Enterprises builds homes and communities, targeting first-time homebuyers and luxury clients. 

Its revenue was US$691 million for the quarter ended July 31, 2021, and the net income was US$47.7 million. Its cash and equivalents were US$187.8 million as of July 31, 2021.

The home building company has a market cap of US$566 million and a P/E ratio of 1.07. The HOV stock closed at US$87.58 on November 8, 2021.                                              

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FitLife Brands Inc (OTC:FTLF)

Year-to-date (YTD) return – 155.5%

The Omaha, Nebraska-headquartered FitLife provides proprietary nutritional supplements to consumers. Its product portfolio includes sports nutrition, weight loss, meal replacement, and energy products.

It earned revenue of US$8.1 million and a net income of US$1.5 million for the quarter ended June 30, 2021. Its revenue has been consistently increasing for the last three years.

The stock closed at US$55.18 on November 8. 

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PLBY Group, Inc. (NASDAQ:PLBY)

Year-to-date (YTD) return – 209.8%                                     

The Los Angeles, California-based company’s product category includes apparel, gaming and lifestyle, sexual wellness, and beauty and grooming. 

For the June quarter, the company earned revenue of US$49.8 million and reported a net loss of US$8.9 million. Its cash and cash equivalents were US$255 million as of June 30, 2021, compared to just US$58,000 as of December 31, 2020.

It has a market cap of US$1.33 billion. The stock closed at US$32.56 on November 8, 2021.

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Dogness (International) Corporation (NASDAQ:DOGZ)

Year-to-date (YTD) return – 108.6%

The company is based in Dongguan City, China. It designs, manufactures, and distributes products for pets. The products include collars, leashes, and harnesses for cats and dogs. 

For the fiscal year ended June 30, 2021, the company earned revenue of US$24 million and a net income of US$1.5 million. Its market capitalization is US$134 million.

The DOGZ stock closed at US$4.36 on November 8, 2021.                     

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The Beauty Health Company (NASDAQ:SKIN)

Year-to-date (YTD) return – 153.2%

The Long Beach, California-based company manufactures beauty products for consumers. Its flagship brand is HydraFacial.  

For the June quarter of 2021, the beauty and cosmetics company posted revenue of US$114 million and a net loss of US$156 million. Its cash and equivalents were US$101 million as of June 30, 2021, compared to US$3.3 million as of December 31, 2020.

Its market capitalization is US$3.8 billion, and the forward P/E for one year is 95.47.

The SKIN stock closed at US$28.64 on November 8, 2021.

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Source – Pixabay

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Skyline Champion Corporation (NYSE:SKY)

Year-to-date (YTD) return – 142.4%

The Troy, Michigan-based home building company’s portfolio includes modular homes, accessory dwelling units, and parks for family, seniors, workforce, and hospitality sectors. 

For the quarter ended October 2, 2021, its revenue and net income were US$524 million and US$50.7 million, respectively. Its revenue has been increasing for the last four years while net income for the last three years. 

The company has a market capitalization of US$4.3 billion and a P/E ratio of 28.98. SKY stock closed at US$75.0 on November 8.

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Bottomline

The Dow Jones US Consumer Goods Total Stock Market Index (DWCCGS) rose 16.75% YTD.

As inflation rose, consumer expectations also increased in line with rising prices. Therefore, the consumer sector companies might benefit from higher spending expectations, as revealed in the survey. However, investors must analyze all the factors before investing in stocks.