MENU

These 3 stocks are printing 52-week highs

The S&P/ASX 200 is up 6.1 points to 6,047 at the time of writing and these three shares are following suit – printing 52-week highs.

Baby Bunting Group Ltd (ASX: BBN)

Shares in baby goods retailer Baby Bunting Group are at a 52-week high of $2.54 after a series of inclines from late July.

Despite its highs, Morgans has an add note on the stock with a price target of $2.78 after major competitor Babies R Us closed down after entering administration, opening up the opportunity for Baby Bunting to claim a larger share of the market.

Baby Bunting’s total sales are up 9% to $303 million to kick off FY19 as gross profit rose 5.9% although statutory NPAT is down 29.1% to $8.7 million with pro forma EBITDA also down 18.9%.

The retailer maintains it spent FY18 “strengthening and consolidate” its market position but its time of reckoning is now, with little direct competition now from other retailers, Baby Bunting investors will expect exceptional sales growth and transaction volumes going forward.

Horizon Oil Ltd (ASX: HZN)

Small-cap oil and gas exploration company Horizon oil shares are at a 52-week high at 16c per share – up from just 0.05c at this time last year.

Horizon is an under-the-radar stock with just a $208 million market cap, but it has made some good inroads in the past year, with sales revenue jumping 46% higher from FY17 to US$100 million as EBITDAX also rose 52% to US$68.5 million and net cashflow from operating activities increased 62% to US$57.6 million.

While still in its exploration phase, Horizon is seeing decent progress in its PNG projects with its interests in the Beibu Gulf starting to meet production goals.

It’s part of a tough industry, no doubt, but Horizon looks poised to fire up in the near future and is one to keep on the watchlist for sure.

Collins Food Ltd (ASX: CKF)

Restaurant operator Collins Foods shares hit a 52-week high on October 8, finishing the day’s trading at $6.68 before dropping back slightly at the time of writing to $6.64.

Investors have responded well to news out of Collins it would roll out more than 50 new Taco Bell restaurants across Australia between 2019 and 2021.

Its recent AGM revealed Collins revenue had risen from $633.6 million in FY17 to $770.9 million for FY18 with underlying EBIT and NPAT also rising as Collins worked to increase its footprint by acquiring more businesses to up its restaurant count.

Collins is also hard at work overseas, acquiring 16 KFC restaurants in the Netherlands with an investor presentation this month revealing Collins had managed to improve its operating cash flow by 80% in the last five years as its dividend payments rose 125%.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Collins Foods Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!