11 Best Retail Stocks to Buy Right Now

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4. Nike, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 73

Nike, Inc. (NYSE:NKE) designs, markets, and distributes luxury athletic footwear, accessories, equipment, and services for sports and fitness activities. Its operating segments span EMEA, Greater China, APLA, and North America. The company also designs products specifically for the Converse and Jordan brands. Ike Boruchow from Wells Fargo released a report on April 15, maintaining a Buy rating on Nike, Inc. (NYSE:NKE) and setting a price target of $75.00.

The company is facing several challenges, including the potential impact of tariffs as most of its shoes are produced in China, Vietnam, and Indonesia. However, Nike, Inc. (NYSE:NKE) is the market leader for sportswear and boasts a global presence with unmatched visibility that gives it a competitive advantage. It generated $48 billion in revenue in the past 12 months, and its financials do not paint an altogether bleak picture.

Nike, Inc.’s (NYSE:NKE) new management is employing various strategies to bring the company back on track and pave the way for long-term profitability. These include developing new products, boosting marketing, and focusing more on sports-related apparel and footwear than fashionable merchandise. Nike, Inc. (NYSE:NKE) ranks fourth on our list of the top retail stocks to invest in right now.

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