Exercise equipment stocks are in high demand because of the coronavirus 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 coronavirus pandemic has affected many industries today. However, the exercise equipment industry has flourished 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.
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.
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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. |
1. 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.
At the moment, Peloton is currently providing very classy internet-connected stationary bicycles and treadmills. Offering other exercising apps, accessories, and apparel, 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 from the coronavirus pandemic as most people stayed home.
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 always moves in the right direction.
Peloton currently holds a market cap of $34 billion. It has a PE ratio 177, a day 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 future 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 please keep it on your exercise equipment stock list.
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2. Lululemon (NASDAQ: LULU)
Lululemon Athletica Inc. stock is priced at $406 on the exchange. The company holds a market cap of $53 billion, a 52-week high of $415, and a 52-week 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.
Lululemon manufactures some of the best fitness gear and apparel as a company. The company stock was valued at $335 a year ago and 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 remember when investing in a company.
Lululemon makes various technical clothing for men and women for different workouts. This is another strong selling point of the company.
Once you remember that the right gear gets you going in the right direction at the gym, you cannot forget Lululemon because it is 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 coronavirus 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.
3. Under Armour (NYSE: UAA)
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 and settling at $21.75 today, Under Armour’s stock has shown signs of massive and rapid growth.
UA is manufacturing some of the most authentic and unique exercise gear. It caters to women and kids, an offer under its brand.
Furthermore, Under Armour holds a market cap of $11 billion, which gives it a sure footing in the market. It has a day range of $21-$22 and a 52-week range of $8.71-$22.16.
Under Armour, Inc. has gained 46% this year. It will increase when people turn to ‘more affordable gym gear’ and ‘one-time investments’ as COVID-19 persists.
4. Nike (NYSE: 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 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 buy Nike stock (NKE), you are most likely chasing momentum.
However, once you have bought it, it is advisable to set a sale 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 go unmatched by the competition.
They also have a strong consumer base, which stays loyal to its roots. Like other companies, Nike is struggling with a lack of options to advertise its product lines because of the coronavirus pandemic.
However, what gives Nike an edge is that its products will still be purchased due to strong demand in global markets. Therefore, Nike is a good investment, now and in the future.
5. Dicks (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. The stock has risen consistently in one year, as it stands at $107 today.
Dicks recently got a solid upgrade to #1 (strong buy) from Zacks. Investors hope for the company’s future as covid-19 concerns 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 e-commerce 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 coronavirus pandemic. If you are looking for options to invest in exercise equipment stocks, the abovementioned ones are great.
Final Thoughts: Exercise Equipment Stocks
Exercise equipment stocks are on the rise because more and more people care 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.
