The fashion market is always recurring. Clothing styles do not remain the same. They change and go out of fashion but some of the popular fashion stocks according to analysts are discussed below.
Lululemon (NASDAQ: LULU)
Lululemon Athletica Inc. commonly known as Lululemon. The company is a Canadian multinational athletic clothing retailer. Its headquarters is in British Columbia. The company was founded in 1988. It started as a retailer of yoga pants and clothes. Calvin McDonald is the CEO of Lululemon. It has 34,000 employees.
The stock has a previous close at $382.86. It has a market cap of 46.61B USD. The P/E ratio is 46.65 and has an average volume of 1.42M.
Five years of strategic global partnership is announced between Peloton and Lululemon. In this Lululemon will become the primary maker of Peloton-branded fitness clothing. This means that Peloton will drastically reduce the number of its clothing.
Adidas (OTC: ADDYY)
One of the strong bands which most people know is Adidas. Adidas is a footwear and a German athletic apparel company. It is headquartered in Bavaria, Germany. In Europe, Adidas is the largest sportswear manufacturer. It is the second largest in the world. The first one is Nike. The CEO of the company is Bjorn Gulden. It was founded on August 18, 1949.
It has a previous close at $85.96. The day range is $83.82-$84.72. The year range is between $45.48-$102.63. The stock has a market cap of 30.61B USD and an average volume of 29.74K.
After Nike’s results, Adidas and Puma shares rallied. Adidas shares ADS 0.78% jumped 7% and Puma Stock PUM -1.78% rose 8% after Nike NKE +0.56% reported better margins than forecasts even though revenue met expectations.
Gildan Activewear (NYSE: GIL) (TSE: GIL)
Gildan Activewear Inc. is an American-owned Canadian manufacturer of branded clothing. It includes activewear like t-shirts, sports shirts and fleeces. These are undecorated and blank. Glenn J. Chamandy is the CEO of the company. It was founded on May 8, 1984, and is headquartered in Montreal Quebec, Canada. Gildan has 45,000 employees.
The stock’s previous close is $27.74. It will show that the day ranges between $27.53-$27.83. The year range is between $26.30-$34.33. The stock has a market cap of 4.91B USD and an average volume of 392.35K. The P/E Ratio is 10.19 and has a dividend yield of 2.68%.
Shares of Gildan Activewear Inc. GIL +0.29% higher to C$38.04 Tuesday, in what proved to be an otherwise all-around poor trading session for the Canadian market. Gildan Activewear Inc. closed C$8.16 short of its 52-week high.