Nike and Lululemon Both Hit Multi-Year Lows in September. Which Stock Is Best Positioned to Make a Comeback?

Key Points Nike and Lululemon were crushed over the past year. Both companies face tough macro and competitive headwinds. 10 stocks we like better than Nike › Nike (NYSE: NKE) and Lululemon (NASDAQ: LULU) were both once considered resilient stocks in the crowded athletic apparel market. Nike is the world's largest athletic footwear maker, while Lululemon was one of the fastest-growing yoga and athleisure apparel brands . But this month, both stocks sank to their multi-year lows. Lululemon, which reached a record high of $511.29 per share in Dec. 2023, now trades at $96 per share. Nike, which closed at an all-time high of $161.91 per share in Nov. 2021, has dropped to $36.