Zoom like a champ: 4 consumer durable stocks that gave 3-digit returns

Summary

• Mohawk Industries (NYSE:MHK) has a P/E ratio of 13.67. Mohawk stock grew 39.51% year-to-date and 142% in one year.
• Under Armour (NYSE:UAA) grew 139.78% in one year at the closing price of US$23.81 on Aug 4, 2021.
• Tapestry, Inc. (NYSE:TPR) stock has a P/E ratio of 35.85 and rose 221.84% in one year.

Consumer goods with a life span of more than three years are considered consumer durables, and those with less than three-year shelf-life are classified as consumer non-durables like food and other items. Durables, durable goods, or consumer durables are product category names that are not purchased frequently. 

In 2020, the consumer durables market plunged, and even the utility sector struggled hard to come back to the pre-pandemic level. In this backdrop, nobody could have thought of consumer stocks that could not only survive but thrive. As a result, the S&P 500 Consumer Durables Index has given a 22.69% year-to-date return. Here, we discuss four such stocks that have given three-digit growth in one year and have remained positive year-to-date.

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Mohawk Industries, Inc. (NYSE:MHK) manufactures flooring products, including carpets, rugs, ceramic tile, luxury vinyl tile, laminate, wood, and vinyl flooring. Its segments are Global ceramic, North America flooring, and the rest of the world flooring.

Its market capitalization is US$ 13.73 billion, and its P/E ratio is 13.67.

For the quarter ended July 3, 2021, Mohawk’s net sales and net income were US$ 2.95 billion and US$ 336 million or US$ 4.82 per share diluted, respectively. Net sales were US$ 2.05 billion, and net loss was US$ 48.26 million or US$ 0.68 per share in the July quarter of 2020.

MHK stock grew 39.51% year-to-date and 142% in one year. The stock closed at US$ 196.64 on Aug 4, 2021.

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Source – pixabay

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Under Armour, Inc. (NYSE:UAA) develops, markets, and sells athletic merchandise, including apparel, footwear, and accessories.

With a market capitalization of US$ 11.3 billion, the apparel company has a P/E ratio of 31.32. 

The company announced the second-quarter result on Aug 3. The revenue reported for this quarter was US$ 1.4 billion, approximately 91% up year-over-year. 

The net income was US$ 59 million, or US$ 0.13 per share diluted and adjusted net income was US$ 110 million, or US$ 0.24 per share diluted.  

Under Armour stock saw a 38.67% jump year-to-date and 139.78% in one year. The closing price of the stock was US$ 23.81 on Aug 4, 2021.

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Tapestry, Inc. (NYSE:TPR) sells its products through e-commerce, wholesale, and company-operated stores. Coach, Kate Spade, and Stuart Weitzman, the known fashion and accessory brands, use TPR's products.

Tapestry’s market capitalization is US$ 12 billion, and the P/E ratio is 35.85. 

For the third quarter ended March 27, of FY 2021, its revenue was US$ 1.27 billion compared to 1.07 billion in the corresponding quarter in the previous year. The net income was US$ 91.7 million, or US$ 0.32 per share diluted, against the net loss of US$ 677.1 million, or US$ 2.45 per share diluted in the previous year’s March quarter. 

Tapestry gained 37.52% year-to-date and 221.84% in one year. Its closing price on Aug 4, 2021, was US$ 42.74.

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Source – pixabay

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PVH Corp. (NYSE:PVH) designs and markets branded apparel, including designer brands such as Calvin Klein and Tommy Hilfiger, among others. It has a presence in over 40 countries. 

Its market capitalization is US$ 7.7 billion, and its P/E ratio of 130.6.

For the quarter ended May 2, 2021, the revenue was US$ 2.08 billion compared to US$ 1.34 billion in the prior-year quarter. The net income was US$ 99.9 million or US$ 1.38 per share diluted against the net loss of US$ 1.09 billion or US$ 15.37 per share diluted for the May quarter of 2020. 

The stock of PVH grew 12.66% year-to-date and 121.67% in one year to close at US$ 105.78 on Aug 4, 2021.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

The reference data in this article has been partly sourced from EODHD/Others.