Luxury Goods Stocks To Follow Today - November 12th

Key Points

• NIKE, ON Holding, and lululemon were identified as luxury-goods stocks to watch because they had the sector’s highest dollar trading volumes in recent days.
• All three shares fell on Thursday: NIKE to $37.69, ON Holding to $33.39, and lululemon to $104.52.
• The stocks remain well below their 52-week highs: NIKE’s was $69.14, ON Holding’s $51.08, and lululemon’s $225.98.

NIKE, ON, and lululemon athletica are the three Luxury Goods stocks to watch today, according to MarketBeat's stock screener tool. Luxury goods stocks are shares of companies that make or sell premium, often nonessential products such as designer clothing, jewelry, watches, and high-end automobiles. For investors, they offer exposure to luxury spending, which can grow with affluent consumers’ wealth but may weaken during economic downturns. These companies had the highest dollar trading volume of any Luxury Goods stocks within the last several days.

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 $0.63 during trading hours on Thursday, reaching $37.69. 11,740,535 shares of the company's stock were exchanged, compared to its average volume of 24,549,254. The firm has a market capitalization of $55.98 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 4.52 and a beta of 1.01. The company has a 50-day moving average of $36.91 and a 200 day moving average of $45.24. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39. NIKE has a 1-year low of $31.97 and a 1-year high of $69.14.

Read Our Latest Research Report on NKE

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.

NYSE ONON traded down $1.32 during trading on Thursday, reaching $33.39. The company's stock had a trading volume of 7,052,237 shares, compared to its average volume of 7,421,572. The business's fifty day moving average price is $31.93 and its 200-day moving average price is $36.35. ON has a twelve month low of $26.36 and a twelve month high of $51.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.25 and a current ratio of 2.83. The firm has a market cap of $21.31 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 0.69 and a beta of 2.05.

Read Our Latest Research Report on ONON

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 $2.93 during mid-day trading on Thursday, hitting $104.52. 1,619,758 shares of the company's stock were exchanged, compared to its average volume of 3,642,354. lululemon athletica has a fifty-two week low of $90.38 and a fifty-two week high of $225.98. The firm has a market capitalization of $12.11 billion, a P/E ratio of 8.56, a P/E/G ratio of 2.63 and a beta of 0.84. The business's 50 day moving average is $101.59 and its two-hundred day moving average is $131.02.

Read Our Latest Research Report on LULU

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