Exercise equipment stocks are in high demand because of the corona pandemic. As more people continue to stay at home, exercising becomes a more common activity and therefore, demand for exercise equipment continues to increase. The corona pandemic has affected many industries today. However, the exercise equipment industry has still managed to flourish because of a ban on most indoor/outdoor activities. If we are talking about the exercise equipment industry and if you are an investor, here are some exciting exercise equipment stocks to invest in.
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Table of Contents
List of Exercise Equipment Stocks
| Symbol | Name |
|---|---|
| PTON | Peloton |
| LULU | Lululemon Athletica Inc. |
| UA | Under Armour Inc. |
| NKE | Nike |
| DKS | Dicks Sporting Goods Inc. |
Exercise Equipment Stocks to Consider
When it comes to exercise equipment stocks to consider, you may be surprised to see what’s on the list. More and more people are looking to stay home instead of going to the gym. As a result, people are buying gym equipment for their homes. That means some companies are seeing an increase in business. Which is always good for their stock.
Peloton (NASDAQ: PTON)
Peloton Interactive Inc. (NASDAQ: PTON) is an exercise equipment and media company based in America. It is very popular in exercise equipment because of its mainstream line of products.
Peloton, at the moment, is providing very classy internet-connected stationary bicycles and treadmills. Offering other exercising apps, accessories and apparel as well, Peloton has a lot of new-age equipment to offer to exercise enthusiasts, making it a top contender in exercise equipment companies today.
Peloton stock (NASDAQ: PTON) is currently priced at $114. A year ago, the company stock was priced at $65 and today, it is priced at $114, showing signs of immense continuous growth. Like other exercise equipment companies, Peloton has benefitted greatly in the corona pandemic as most people stayed at homes.
Most people keep Peloton’s excellently exhibited bicycles and treadmills in their homes to work out and stand out in the crowd. This keeps the stock popular. Furthermore, since its equipment comes with the latest technology, its stock is always moving in the right direction.
Peloton currently holds a market cap of $34 billion. It has a PE ratio of 177, a day’s range of $114-$118 and a 52-week range of $63-$171.
Peloton Interactive Inc. has grown massively in the last few years. There is also no reason to doubt its growth in the coming future as well when covid-19 continues to keep us all at home. Peloton is not a small name in the industry and its stock will continue to grow as more people turn to the gym with work from home routines and fewer outlets to take their energies out. So keep it on your exercise equipment stock list.
Exercise Equipment Stocks: Lululemon Athletica Inc. (LULU)
Lululemon Athletica Inc. stock is priced at $406 at the exchange. The company holds a market cap of $53 billion, a 52-week high of $415 and a 52wk low of $269. The investor’s price average on Lululemon has also increased by 3.12%. Lululemon Athletica Inc. has a net margin of 13.38.
As a company, Lululemon is manufacturing some of the best fitness gear and apparel. The company stock was valued at $335 a year ago and it now stands at $406. This shows signs of active and positive growth in the company’s stock in just one year.
Remembering that last year Covid was at its peak and in 2021, it continues to grow, Lululemon has shown signs of continuous growth. These are points to be remembered when investing in the company.
Lululemon is making all sorts of technical clothing for men and women for different kinds of workouts. This is another strong selling point of the company.
Once you remember that the right gear is what gets you going in the right direction at the gym, you just cannot forget Lululemon because it is very unique in its gym clothing and design.
Lululemon will always be in good books among investors in 2021 especially when people turn to exercise and when things remain shut off due to the corona pandemic.
Never underestimate the power of comfortable clothes. Clothes that are comfy for everyday living will cause people to buy them even if they don’t like to exercise.
As a result, keep them in mind for exercise equipment stocks to buy.
Under Armour Inc. (NYSE: UA)
Under Armour Inc. (NYSE: UA) is an American sports equipment company. It is currently producing footwear, sports and casual wear. In the last year, Under Armour Inc.’s stock has grown. Starting at $9.80 to settle at $21.75 today, Under Armour’s stock has shown signs of massive and rapid growth.
At the moment, UA is manufacturing some of the most authentic and unique exercising gear. It is catering towards men, women, kids and it is also offering shoes under its own brand.
Furthermore, Under Armour holds a market cap of $11 billion, which gives it a sure footing in the market. It has a day’s range of $21-$22 and a 52-week range of $8.71-$22.16.
Under Armour, Inc. has gained 46% this year. It will gain further when people turn to ‘more affordable gym gears’ and ‘one time investments’ as covid-19 persists.
Exercise Equipment Stocks: Nike (NKE)
Nike stock is priced at $173. In the last year, the stock has performed consistently, starting at $105 to reach $174.Nike has a market cap of $273 billion. It has a day’s range of $172-$173 and a 52-week range of $103-$174.
NKE stock is not cheap. Its PE ratio is 48% higher today. It has a dividend yield of 0.64%. If you are buying Nike stock (NKE), you are most likely chasing momentum.
However, once you have bought it, it is advisable to set a sell stop and sell it at the desired time.
What is working out the best for Nike is its new pair of sneakers and apparel. Nike offers some of the best, high-quality shoes that pretty much go unmatched with competition at the moment.
They also have a strong consumer base which stays loyal to its root. Nike is struggling with lack of option to advertise its lines of products, like other companies, because of the corona pandemic.
However, what gives Nike an edge is that its products will still be purchased due to high strong demand in markets across the world. Nike, therefore, is a good investment, now and in the future as well.
Dicks Sporting Goods Inc. (NYSE: DKS)
Dick’s Sporting Goods Inc. is amongst one of the best fitness stocks to buy right now. Dicks Sporting Goods Inc. (NYSE: DKS) stock was priced at $47 a year ago. In one year, the stock has risen consistently, as it stands at $107 today.
Dicks recently got a solid upgrade to #1 (strong buy) from Zacks. Investors are hopeful for the company’s future as covid-19 concerns continue to increase because of the Delta variant. A consensus on Dicks Sporting Goods still suggests that the bottom line for its stock is the following: There’s a solid demand for Dicks goods, it has a robust ecommerce business and its aggressive store expansion plans will let the company hold a great show in 2021.
Exercise equipment stocks are in high demand because of the corona pandemic. If you are looking for options to invest in exercise equipment stocks, the above mentioned ones are a great idea.
Bottom Line
Exercise equipment stocks are on the rise because more and more people are caring about their health. The more you’re moving, the healthier your body gets. That doesn’t mean you have to be at the gym every day. You can go bike riding or get a stationary bike in your house. There are many options for you to choose from. As a result, the companies above are good ones to look into.
