Published on 15 Apr 2024 on Simply Wall St. via Yahoo Finance
Patrick Industries (NASDAQ:PATK) sheds 6.8% this week, as yearly returns fall more in line with...
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying the right stocks can give your wealth a significant boost. For example, long term Patrick Industries, Inc. (NASDAQ:PATK) shareholders have enjoyed a 97% share price rise over the last half decade, well in excess of the market return of around 69% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 58% in the last year , including dividends .
In light of the stock dropping 6.8% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.