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Fitness Stocks Worth Watching - May 2nd

Garmin logo with Computer and Technology background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat flags Garmin (GRMN), Planet Fitness (PLNT), and Peloton (PTON) as the three fitness stocks with the highest recent dollar trading volume and worth watching.
  • Garmin recently raised guidance and announced larger buybacks plus a bigger dividend, signaling management confidence and increased shareholder returns.
  • Peloton is emphasized for its connected, subscription-based hardware and streaming classes, while Planet Fitness operates a franchise-heavy gym model—highlighting different business models and risk exposures in the fitness sector.
  • Five stocks we like better than Garmin.

Garmin, Planet Fitness, and Peloton Interactive are the three Fitness stocks to watch today, according to MarketBeat's stock screener tool. Fitness stocks are shares of companies whose primary business relates to fitness and wellness—for example gym chains, exercise-equipment makers, athletic apparel brands, wearable/connected-fitness device firms, and digital workout or subscription platforms. Investors view them as plays on rising health-conscious consumer demand and recurring subscription or hardware sales, but they carry risks from consumer cyclicality, shifting trends, and intense competition. These companies had the highest dollar trading volume of any Fitness stocks within the last several days.

Garmin (GRMN)

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.

Read Our Latest Research Report on GRMN

Planet Fitness (PLNT)

Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.

Read Our Latest Research Report on PLNT

Peloton Interactive (PTON)

Peloton Interactive, Inc. operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.

Read Our Latest Research Report on PTON

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Garmin Right Now?

Before you consider Garmin, you'll want to hear this.

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While Garmin currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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