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Luxury Goods Stocks To Consider - November 10th

ON logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

  • Five stocks flagged by MarketBeat’s luxury-goods screener: On Holding (ONON), Nike (NKE), Tapestry (TPR), Deckers Outdoor (DECK), and lululemon (LULU), based on recent dollar trading volume.
  • All five shares fell in Tuesday trading. ONON closed at $34.92, NKE at $38.90, TPR at $135.41, DECK at $89.78, and LULU at $110.34.
  • Several were well below their 52-week highs: Nike was at $38.90 versus a $69.14 high, and lululemon at $110.34 versus $225.98; ONON’s trading volume was also more than twice its average.
  • Five stocks to consider instead of ON.

ON, NIKE, Tapestry, Deckers Outdoor, and lululemon athletica are the five Luxury Goods stocks to watch today, according to MarketBeat's stock screener tool. Luxury goods stocks are shares of companies that sell premium products—such as designer fashion, jewelry, watches, and high-end automobiles—typically at prices well above mass-market alternatives. For investors, they offer exposure to affluent consumers and brand-driven businesses, but their performance can still be affected by economic conditions, consumer spending, and changing demand. These companies had the highest dollar trading volume of any Luxury Goods stocks within the last several days.

ON (ONON)

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.

ONON traded down $2.61 during mid-day trading on Tuesday, reaching $34.92. 15,677,808 shares of the company traded hands, compared to its average volume of 7,356,930. The company's fifty day moving average price is $31.67 and its 200-day moving average price is $36.47. The stock has a market capitalization of $22.29 billion, a P/E ratio of 23.85, a P/E/G ratio of 0.76 and a beta of 2.05. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 0.25. ON has a 52-week low of $26.36 and a 52-week high of $51.08.

Read Our Latest Research Report on ONON

NIKE (NKE)

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.

NYSE NKE traded down $0.98 during trading hours on Tuesday, hitting $38.90. 10,596,362 shares of the company's stock traded hands, compared to its average volume of 24,608,486. NIKE has a 52 week low of $31.97 and a 52 week high of $69.14. The firm has a market capitalization of $57.78 billion, a P/E ratio of 18.74, a P/E/G ratio of 4.73 and a beta of 1.01. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The business's fifty day moving average price is $36.91 and its two-hundred day moving average price is $45.50.

Read Our Latest Research Report on NKE

Tapestry (TPR)

Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.

TPR traded down $0.67 during midday trading on Tuesday, reaching $135.41. The company had a trading volume of 1,356,058 shares, compared to its average volume of 2,604,646. The business has a 50-day moving average of $117.62 and a two-hundred day moving average of $136.97. The company has a quick ratio of 1.25, a current ratio of 1.75 and a debt-to-equity ratio of 3.44. Tapestry has a 1 year low of $99.00 and a 1 year high of $164.80. The company has a market cap of $27.00 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.58 and a beta of 1.44.

Read Our Latest Research Report on TPR

Deckers Outdoor (DECK)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

Shares of NYSE DECK traded down $0.65 during mid-day trading on Tuesday, reaching $89.78. The company's stock had a trading volume of 1,714,377 shares, compared to its average volume of 2,594,853. The stock has a fifty day moving average of $82.40 and a two-hundred day moving average of $98.85. Deckers Outdoor has a 52 week low of $77.20 and a 52 week high of $122.29. The firm has a market capitalization of $11.98 billion, a PE ratio of 11.92, a P/E/G ratio of 1.43 and a beta of 1.10.

Read Our Latest Research Report on DECK

lululemon athletica (LULU)

Lululemon Athletica Inc., together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

Shares of LULU traded down $2.19 during mid-day trading on Tuesday, hitting $110.34. 1,325,369 shares of the stock were exchanged, compared to its average volume of 3,651,961. The company has a market cap of $12.78 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 2.67 and a beta of 0.84. lululemon athletica has a 52-week low of $90.38 and a 52-week high of $225.98. The firm has a 50-day moving average of $102.00 and a two-hundred day moving average of $131.86.

Read Our Latest Research Report on LULU

See Also

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