Nike (NKE) and Lululemon (LULU) are two of the most well-known athleisure stocks.
NKE YTD mountain Nike, year-to-date The tricky bit is that the promise of that strategic shift will not be reflected in the company's trailing results when they report this week.
Buy NKE March 21 $90 call Sell Oct. 18 $95 call Why did I also include Lululemon, another athleisure laggard, in this?
Unlike Nike, Lululemon is still growing, albeit slower than it had been previously.
LULU YTD mountain Lululemon, Year-to-date However, Lulu is now trading about 20 times forward earnings estimates, a significantly lower multiple than Nike, trading at 26 times forward profits.
Persons:
LULU, Lulu, Elliott Hill, John Donahue, Donahoe
Organizations:
Nike, Nike flatlined, CNBC, NBC UNIVERSAL
Locations:
Swiss, LULU