Below we reveal the list of Top 5 Consumer Discretionary Stocks to Buy in 2021. For our methodology as well as further background on Mark Coe’s Intrinsic Edge Capital and more of the fund’s top consumer discretionary stock picks, please see Top 10 Consumer Discretionary Stocks to Buy in 2021.
5. Leggett & Platt, Inc. (NYSE:LEG)
Leggett & Platt, Inc. (NYSE:LEG) leads off the second-half of our list of top consumer discretionary stocks to buy. Intrinsic Edge first took a stake in the bedding and flooring company during Q2 and added heavily to that position in Q3, buying another 246,144 LEG shares. LEG shares have slipped by 9% over the past year but have gained 60% since the end of March 2020.
One of the 10 Best Dividend Stocks for Passive Income, LEG shares currently yield 3.74% annually and the company is closing in on Dividend King status, having raised its annual dividend for 49 consecutive years. Management confirmed during the company’s latest conference call that they remain committed to Leggett & Platt’s status as a dividend aristocrat, even as the company’s payout ratio pushes towards 80%, higher than it’s historically been.