5 Retail Stocks to Buy According to Greg Poole’s Echo Street Capital

In this piece, we will take a look at the 5 retail stocks to buy according to Greg Poole’s Echo Street Capital. For more stocks and details about the hedge fund and its founder, head on over to 10 Retail Stocks to Buy According to Greg Poole’s Echo Street Capital.

5. Central Garden & Pet Company (NASDAQ:CENT)

Echo Street Capital’s Stake Value: $7.7 million

Percentage of Echo Street Capital’s 13F Portfolio: 0.05%

Number of Hedge Fund Holders: 18

Central Garden & Pet Company (NASDAQ:CENT) is a lawn, garden, and pet supplies retailer headquartered in Walnut Creek, California, United States. The company has several product brands such as Aqueon, Zilla, Bell Nursery, and Four Paws.

Central Garden & Pet Company (NASDAQ:CENT) raked in $739 million revenue and -$0.06 GAAP EPS in its fiscal Q4, beating analyst estimates for both. Argus downgraded the stock to Hold from Buy in November 2021, stating that supply chain disruption and delay in automation will negate the effects of the growth in pet ownership in the wake of the ongoing pandemic.

Mr. Poole’s hedge fund owned 181,182 Central Garden & Pet Company (NASDAQ:CENT) shares during Q3 2021, allowing it to have a $7.7 million stake in the company that represented 0.05% of its portfolio. During the same time period, 18 of the 867 hedge funds polled by Insider Monkey owned the company’s shares.

Central Garden & Pet Company (NASDAQ:CENT)’s largest investor is Steven Boyd’s Armistice Capital who owns 956,000 shares worth $41 million.