U.S. Markets closed

Top Ranked Growth Stocks to Buy for May 8th

Zacks Equity Research
1 / 7

Brady (BRC) in Focus: Stock Moves 8.7% Higher

Brady (BRC) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, May 8th:

Patrick Industries, Inc. (PATK): This distributor of building products and materials, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days.

Patrick Industries, Inc. Price and Consensus

Patrick Industries, Inc. Price and Consensus

Patrick Industries, Inc. price-consensus-chart | Patrick Industries, Inc. Quote

Patrick has a PEG ratio of 0.99, compared with 1.07 for the industry. The company possesses a Growth Score of A.

Patrick Industries, Inc. PEG Ratio (TTM)

Patrick Industries, Inc. PEG Ratio (TTM)

Patrick Industries, Inc. peg-ratio-ttm | Patrick Industries, Inc. Quote

Urban Outfitters, Inc. (URBN): This lifestyle products and services company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 1.3% over the last 60 days.

Urban Outfitters, Inc. Price and Consensus

Urban Outfitters, Inc. Price and Consensus

Urban Outfitters, Inc. price-consensus-chart | Urban Outfitters, Inc. Quote

Urban Outfitters has a PEG ratio of 1.42, compared with 1.65 for the industry. The company possesses a Growth Score of A.

Patrick Industries, Inc. PEG Ratio (TTM)

Patrick Industries, Inc. PEG Ratio (TTM)

Patrick Industries, Inc. peg-ratio-ttm | Patrick Industries, Inc. Quote

Ruth's Hospitality Group, Inc. (RUTH): This franchiser of fine dining restaurants, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days.

Ruth's Hospitality Group, Inc. Price and Consensus

Ruth's Hospitality Group, Inc. Price and Consensus

Ruth's Hospitality Group, Inc. price-consensus-chart | Ruth's Hospitality Group, Inc. Quote

Ruth's has a PEG ratio of 1.46, compared with 2.18 for the industry. The company possesses a Growth Score of A.

Ruth's Hospitality Group, Inc. PEG Ratio (TTM)

Ruth's Hospitality Group, Inc. PEG Ratio (TTM)

Ruth's Hospitality Group, Inc. peg-ratio-ttm | Ruth's Hospitality Group, Inc. Quote

See the full list of top ranked stocks here                                    

Learn more about the Growth score and how it is calculated here.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report
 
Ruth's Hospitality Group, Inc. (RUTH) : Free Stock Analysis Report
 
Patrick Industries, Inc. (PATK) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research