Promising Luxury Goods Stocks To Watch Now – November 3rd

NIKE, ON, and Tapestry are the three Luxury Goods stocks to watch today, according to MarketBeat’s stock screener tool. Luxury goods stocks are shares of companies that design, produce, or sell premium products and services, such as high-end fashion, jewelry, watches, automobiles, and cosmetics. For stock market investors, these companies are often evaluated for their brand strength, pricing power, global demand, and sensitivity to consumer wealth and economic conditions. 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.

Shares of NKE stock traded down $0.91 on Tuesday, hitting $38.21. The company’s stock had a trading volume of 10,500,545 shares, compared to its average volume of 24,613,160. The stock’s 50 day moving average is $36.91 and its 200-day moving average is $46.14. NIKE has a fifty-two week low of $31.97 and a fifty-two week high of $69.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 2.07. The company has a market capitalization of $56.75 billion, a PE ratio of 18.37, a PEG ratio of 4.34 and a beta of 1.01.

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.

Shares of ONON traded up $0.80 during mid-day trading on Tuesday, reaching $36.32. The company had a trading volume of 5,490,390 shares, compared to its average volume of 7,161,658. The company’s 50 day simple moving average is $30.83 and its 200 day simple moving average is $36.67. ON has a 1-year low of $26.36 and a 1-year high of $51.08. The company has a market capitalization of $23.18 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 0.63 and a beta of 2.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.25 and a current ratio of 2.83.

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.

Shares of NYSE:TPR traded up $0.04 during mid-day trading on Tuesday, reaching $120.80. 1,425,934 shares of the company’s stock were exchanged, compared to its average volume of 2,574,393. The business’s fifty day moving average price is $117.45 and its 200-day moving average price is $137.02. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.25 and a current ratio of 1.75. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.41 and a beta of 1.42. Tapestry has a twelve month low of $93.00 and a twelve month high of $164.80.