Trump’s shocking set of reciprocal tariffs, announced on 2 April, has stunned stock markets around the world.
The NASDAQ Composite Index fell into a bear market while the bellwether S&P 500 Index entered a correction.
Along the way, the share prices of many companies have tumbled to their year lows as investor sentiment soured.
However, there could be bargains to be found as investors tend to throw out the baby along with the bathwater.
Here are four US growth stocks that recently hit their 52-week lows, and you can decide if you would like to include them in your buy watchlist.
Boot Barn (NYSE: BOOT)
Boot Barn is a lifestyle retailer of western and work-related footwear, apparel, and accessories for men, women, and children.
As of 30 January 2025, the company operates 441 stores in 46 states in the US.
Boot Barn’s share price recently plumbed its 52-week low of US$86.17 but has since recovered to US$102.59, but is still down around 32.8% year-to-date (YTD).
The retailer reported a commendable set of earnings for the first nine months of fiscal 2025 (9M FY2025) ending 28 December 2024.
Sales increased 14% year on year to US$1.46 billion while operating profit climbed 18.6% year on year to US$189.7 million.
Net profit improved by 22% year on year to US$143.4 million.
The business also generated a positive free cash flow of US$82.3 million for 9M FY2025.
For its latest quarter, Boot Barn reported same store sales growth of 8.6% and also opened 13 new stores.
For its fiscal 2025 ending 29 March 2025, Boot Barn expects total sales of between US$1.908 billion to US$1.918 billion, representing year-on-year growth of 14.5% to 15.1%.
The retailer also plans to open a total of 60 new stores for the fiscal year.
Global Payments Inc (NYSE: GPN)
Global Payments is a payments technology company offering a broad range of solutions to enable its customers to operate more efficiently.
The company’s share price tumbled to its 52-week low of US$65.93 recently and has rebounded slightly to US$72.48, but is still down 35.2% YTD.
For 2024, revenue edged up 4.7% year on year to US$10.1 billion.
Operating profit shot up 36% year on year to US$2.3 billion, mainly because of a gain on sale of a business.
Excluding these gains and losses, operating profit would still have risen 11.2% year on year to US$2.06 billion.
Net profit went from US$986.2 million a year ago to US$1.57 billion.
Global Payments also churned out a positive free cash flow of US$2.86 billion, a surge of 80% year on year.
The company paid out a quarterly dividend of US$0.25, unchanged from a year ago, taking its annualised dividend per share to US$1.
Earlier this month, Global Payments announced the acquisition of Worldpay for US$22.7 billion and also agreed to divest its Issuer Solutions business for US$13.5 billion.
This transaction will position the company as a leading merchant solutions provider with exposure to attractive geographies and verticals.
For 2025, the company expects 5% to 6% adjusted net revenue growth with adjusted earnings per share increasing by between 10% to 11%.
Yelp Inc (NYSE: YELP)
Yelp operates a community-driven platform that connects people with their local businesses.
Its platform allows people to easily discover, connect, and transact with numerous businesses across a wide range of categories.
Yelp’s share price touched a 52-week low of US$32.28 but has rebounded to US$35.43 recently, although it is still down 9.3% YTD.
2024 saw the company’s revenue rise by 5.6% year on year to US$1.41 billion, a new record.
Operating profit soared 91.1% year on year to US$151 million, and net profit climbed 34% year on year to US$132.9 million.
Free cash flow came in at US$248.5 million, down 11.1% year on year from US$279.4 million.
For 2025, Yelp expects revenue to be in the range of US$1.47 billion to US$1.485 billion, representing year-on-year growth of between 4.3% and 5.3%.
The company plans to drive increased engagement by providing an even more visual and helpful experience.
One method is to make the home feed more personalised and dynamic by using artificial intelligence.
Another method is to extend Yelp Assistant to other categories to offer more choices to users, thereby increasing the platform’s attractiveness.
Novo Nordisk (NYSE: NVO)
Novo Nordisk is a global healthcare company headquartered in Denmark whose mission is to defeat serious chronic diseases such as diabetes.
The company employs around 76,300 people in 80 countries and markets its products in more than 170 countries.
Novo Nordisk saw its share price fall to a 52-week low of US$57 recently but has rebounded to US$62.08, although it is still down 29.1% YTD.
For 2024, the company’s revenue climbed 25% year on year to DKK 290.4 million.
Operating profit rose 25.1% year on year to DKK 128.3 million while net profit improved by 20.7% year on year to DKK 101 million.
The business generated a positive free cash flow of DKK 69.7 million for last year, in line with the DKK 70 million churned out a year ago.
Management proposed a final dividend of DKK 7.90 for 2024, taking the total year’s dividend to DKK 11.40, an increase of 21% year on year.
The company’s diabetes care sales grew by 20% year on year at constant currency, and Novo Nordisk maintained its market share of 33.7%.
The company is also the market leader in the GLP-1 (glucagon-like peptide-1) market with a 55.1% value market share.
Novo Nordisk expects sales growth of between 19% to 27% year on year for 2025, and for operating profit to grow by between 24% to 32% year on year.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
