Highlights from Zacks analyst blog: Hilton Grand Vacations, Signet Jewelers, Boot Barn, Tapestry and Ulta Beauty


For immediate release

Chicago, IL – December 28, 2021 – Zacks.com announces the list of stocks featured on the Analysts Blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Recent actions featured in the blog include: Hilton Grand Vacations Inc. HGV, Signet Jewelers Ltd. SIG, Boot Barn Holdings Inc. BOOT, Tapestry Inc. TPR and Ulta Beauty Inc. ULTA.

Here are highlights from Monday’s analyst blog:

5 stocks to buy for a probable marriage boom in 2022

Wall Street is set to end an impressive 2021 after an incredible bull run in 2020. Both years have been marked by an unprecedented pandemic. In 2021, the US stock markets mainly benefited from the reopening of the country’s economy and its solid fundamentals.

The main driver of US economic growth this year has been pent-up massive demand, which will also usher in the country’s GDP growth in 2022. A particular increase in demand, which is likely next year, would be in the market for weddings and related celebrations that have been postponed due to the rapid spread of COVID-19 infections.

Therefore, investing in stocks that will benefit from a marriage boom in the United States should pay off in the future. We selected five with a favorable Zacks ranking. These are – Hilton Grand Vacations, Jewelers Signet rings, Boot barn, Tapestry and Ulta Beauty.

A probable marriage boom in the United States in 2022

U.S. marriages are expected to rebound in 2022 after two lukewarm years. Both years have been affected by the coronavirus pandemic and several strict restrictions set by state and federal governments to curb the rapid spread of the highly transmissible COVD-19 infection.

As the US economy has completely reopened with nationwide immunizations, restrictions on social life have been mostly repealed. Additionally, positive news regarding the lesser severity of Omicron – the latest variant of the coronavirus – has paved the way for U.S. citizens to organize weddings and celebrations.

Hospitalitynet reported citing Milestone data that said marriages in the United States would exceed 2.5 million in 2022, up from 1.93 million in 2021. Average spending on weddings is expected to rise to $ 24,300 in 2022, from 22,500. $ in 2021. The Washington Post reported that 47% of couples have postponed their marriage. ceremonies in 2020 due to lockdown and other social restrictions.

The Marriage Report estimated that approximately 2.5 million weddings will take place in the United States in 2022, the highest since 1984. The report states that approximately 2.1 million weddings per year took place in the United States. pre-pandemic era. However, it fell to 1.2 million in 2020 and 1.93 in 2021. The average cost of a wedding is expected to rise to $ 24,300 in 2022 from $ 22,500 in 2021.

The Wall Street Journal reported, citing data from Knot, that approximately 2.6 million marriages will take place in the United States in 2022, a record high. The WSJ reported, “At the moment, finding the perfect life partner may be easier than planning the perfect wedding event.”

Our top picks

We’ve narrowed down our search to five stocks that are expected to benefit from a US wedding boom in 2022. Each of our picks has either a Zacks Rank # 1 (Strong Buy) or 2 (Buy). You can see The full list of today’s Zacks # 1 Rank stocks here.

Hilton Grand Vacations is a timeshare company that develops, markets, sells and manages owned vacation resorts primarily under the Hilton Grand Vacations brand. HGV also operates and serves club membership programs, including the Hilton Grand Vacations Club and the Hilton Club.

Hilton Grand Vacations operates primarily in the United States, Indonesia, Italy, Mexico, New Zealand, Portugal, Scotland, and Thailand. The heavyweight has two segments: Real estate sales and financing; and resort operations and club management

Zacks Rank # 1 Hilton Grand Vacations has an expected earnings growth rate of over 100% for next year. Zacks’ consensus estimate for next year’s earnings has improved 8.8% in the past 30 days. The heavyweight share price has jumped 63.2% year-to-date.

Tapestry provides luxury accessories and branded lifestyle products to USA, Japan, China, Hong Kong, Macau, Taiwan, Europe, Canada, South Korea, Malaysia, Singapore, Australia and New Zealand. TPR operates through three segments: Coach, Kate Spade and Stuart Weitzman.

Tapestry pointed out that the strength of North America as well as the sustained growth of digital and China have contributed to its recent performance. Management has also raised its forecast for revenue and earnings per share for the year. TPR’s focus on improving SKU productivity, maintaining price discipline, and effective marketing have helped.

Zacks Rank # 1 Tapestry has an expected profit growth rate of 17.9% for the current year (end of June 2022). Zacks’ consensus estimate for current year earnings has improved 4.8% in the past 60 days. TPR’s share price has jumped 32.8% since the start of the year.

Boot Grange Holdings operates as a lifestyle chain of stores devoted to western and work footwear, clothing and accessories. Additionally, BOOT provides gifts and household items.

Boot Barn Holdings’ products include boots, denim, western shirts, cowboy hats, belts and belt buckles, as well as western-style jewelry and accessories. BOOT also offers sturdy footwear, outerwear, overalls, jeans and shirts, as well as safety toe boots and flame resistant, high visibility clothing. She sells her products through bootbarn.com.

Zacks Rank # 1 BOOT has forecast earnings growth of over 100% for the current year (ending March 2022). Zacks’ consensus estimate for current year earnings has improved 1.7% in the past 30 days. Boot Barn’s share price has risen 169.4% year-to-date.

Ulta Beauty benefits from its omnichannel strength, thanks to efficient commercial and digital operations. ULTA’s skin care category has grown in popularity thanks to the growing consumer interest in personal care. In addition, management has raised its forecasts for fiscal 2021.

Ulta Beauty has been experiencing market share gains in major beauty categories for some time, with skincare taking the lead. Its top priority is to strengthen its omnichannel business and explore the potential of the physical and digital facets.

Zacks Rank # 2 Ulta Beauty has an expected profit growth rate of 5% for next year (end of January 2023). Zacks’ consensus estimate for next year’s earnings has improved 9.6% in the past 30 days. The share price has climbed 36.6% since the start of the year.

Jewelers Signet rings benefited from the growth in e-commerce activity and the advances made within the framework of the Inspiring Brilliance strategy. SIG’s efforts to drive banner value propositions, product novelty, marketing efforts, and connected commerce strategy have paid off. Signet Jewelers’ digital business is the primary growth driver and management is focused on improving data analytics capabilities.

Zacks Rank # 2 Signet Jewelers has an expected profit growth rate of 415.2% for the current year (end of January 2022). Zacks’ consensus estimate for current year earnings has improved 5.1% in the past 30 days. The share price has climbed 206.3% since the start of the year.

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5 actions in the process of doubling

Each has been handpicked by a Zacks expert as the # 1 favorite stock to earn + 100% or more in 2021. Previous recommendations have climbed + 143.0%, + 175.9%, +498 , 3% and + 673.0%.

Most of the stock in this report is flying under Wall Street’s radar, which provides a great opportunity to get into the ground floor.

Today, discover these 5 potential circuits >>

Click to get this free report

Ulta Beauty Inc. (ULTA): Free Stock Analysis Report

Signet Jewelers Limited (SIG): Free Stock Analysis Report

Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report

Hilton Grand Vacations Inc. (HGV): Free Inventory Analysis Report

Tapestry, Inc. (TPR): Free Stock Analysis Report

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