Top Performing Gym Stocks

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Fitness has many benefits for the human body. It makes people stronger, happier and more confident. Fitness also gives investors an opportunity to grow their money through gym stocks. The fitness industry is expected to reach $434.74 billion in 2028, a figure that represents a 171% growth rate over five years. These investments allow investors to profit from people’s desire to get fit and stay in shape. Some gym stocks have delivered exceptional returns over the years and provide good value propositions for new investors.

Quick Look at the Top Gym Stocks:

Deep Dive

Investors who want to strengthen their portfolios and flex their financial muscles may want to consider these top gym stocks.

1. Planet Fitness Inc. (NYSE: PLNT)

Planet Fitness is an affordable gym chain with over 2,000 locations with memberships starting at $10 per month. Planet Fitness is one of the fastest-growing health club franchises in the U.S.

2. Lululemon Athletica Inc. (NASDAQ: LULU)

Lululemon Athletica specializes in fitness clothing and has rewarded long-term investors. Leadership believes the company is still in the early innings of its growth curve and has significant opportunities across categories, geographies and channels. Lululemon Athletica is focused on digital and retail growth.

3. Garmin (NYSE: GRMN)

Garmin creates fitness devices that make it easier for athletes to optimize their performance. Garmin’s smartwatches help runners track average mile paces, and the company’s golf products can help you improve your swing. The company has additional fitness products and various products that stretch beyond health and fitness.

4. Lifetime Fitness (NYSE: LTH)

Lifetime Fitness has over 790,000 members. Total subscriptions are over 832,000 members. Bahram Akradi, the company’s CEO, mentioned Lifetime Fitness is experiencing great momentum.

5. Bellring Brands Inc. (NYSE: BRBR) 

Bellring Brands creates convenient nutritious products for fitness enthusiasts. The company’s products are available worldwide in food, drug, convenience, club, specialty, e-commerce and food service channels. Bellring Brands manages Premium Nutrition Company and Active Nutrition International. 

6. Technogym (BIT: TGYM)

Technogym produces fitness equipment and has been the official supplier to eight Olympic Games, including the Tokyo 2020 Games. The company was also recently confirmed to be the official supplier for the Paris 2024 Games.

7. Skechers USA Inc. (NYSE: SKX)

Skechers produces clothing and sneakers for fitness enthusiasts. SKX stock has a 19 P/E ratio, which gives it a lower valuation and better growth rates than competitors like Nike and Adidas.

Pros

Investing in gym stocks can help you diversify your portfolio and give you exposure to assets that benefit from the rising demand for gym memberships and fitness products. Many people want to get fit and stay in shape, and gyms help with those objectives. Investing in gym stocks allows you to profit from this rising demand. Fitness enthusiasts tend to purchase several products and hold onto their gym memberships for a while, creating predictable revenue models for some of these businesses.

Where to Buy

Investing in gym stocks can increase your portfolio returns, but the broker you use also impacts your portfolio’s gains. If you are still on the fence, you may want to invest in gym stocks with one of these top brokers.

How to Choose

Investors should consider several factors before buying stock, including gym stocks. These are some details to consider.

Market Trends and Competition

Investors should monitor trends in the health and fitness industry to gauge how gym stocks will perform. Current trends suggest the industry will grow over the next few years, but those trends can change at any time. Past performance is no guarantee of future success.

Financial Health of the Company

Investors should analyze a gym stock’s balance sheet before investing in the company. Revenue growth, rising earnings and healthy profit margins are all good signs.

Growth Strategies and Future Plans

Investors should review a company’s initiatives to see how they are planning for the future. Revenue and earnings deceleration can hurt a company’s stock price in the long run. However, promising growth opportunities can generate high returns for investors.

Frequently Asked Questions 

Best Gym Stocks Methodology

The best gym stocks methodology involved finding stocks that benefit from the rising demand for fitness products and services. Profitability and long-term returns were considered as part of the methodology.