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Top Fitness Stocks To Keep An Eye On - April 24th

Garmin logo with Computer and Technology background
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Key Points

  • Garmin, Peloton, and Planet Fitness were flagged by MarketBeat's screener as the top fitness stocks by recent dollar trading volume, reflecting strong investor interest in the wellness/active-lifestyle sector despite consumer-spending risks.
  • Garmin stands out for its fitness hardware and platforms (running/multi-sport watches, cycling products, Garmin Connect/Connect IQ) and has recently lifted guidance while increasing buybacks and its dividend, drawing additional market attention.
  • Peloton is highlighted for its connected fitness ecosystem that streams live and on-demand classes across bikes, treadmills, rowers and cameras, while Planet Fitness is a large, franchise-focused gym operator with a growing international footprint.
  • Interested in Garmin? Here are five stocks we like better.

Garmin, Peloton Interactive, and Planet Fitness are the three Fitness stocks to watch today, according to MarketBeat's stock screener tool. "Fitness stocks" are shares of companies whose primary businesses serve the health and exercise market—such as gym chains, fitness-equipment makers, athletic apparel brands, and digital/connected workout platforms. Investors track these stocks to gain exposure to secular trends in wellness and active lifestyles, seeking growth and recurring-revenue opportunities, while weighing risks from consumer spending cycles, competition, and changing fitness trends. 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

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

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

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