11 Cheap Canadian Stocks to Buy Now

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5. Lululemon Athletica Inc. (NASDAQ:LULU)

Forward P/E Ratio as of July 22: 15.11

Number of Hedge Fund Holders: 48

Average Upside Potential as of July 22: 29.50%

Lululemon Athletica Inc. (NASDAQ:LULU) is one of the cheap Canadian stocks to buy now. On July 18, Lululemon announced that it is expanding its international presence with the opening of its first store in Italy, with the launch on July 19, in Milan’s prominent shopping district, located at Vittorio Emanuele II 24/28.

The Milan store spans ~5,700 square feet across 2 floors and will offer a carefully curated environment for shoppers. It will feature distinct sections showcasing Lululemon’s signature technical innovations and both men’s and women’s collections, all designed for high-performance and style suitable for activities like yoga, running, training, tennis, and golf.

The store’s architectural concept is expected to blend Italian design heritage with contemporary materials, incorporating a notable Lululemon Glide sculptural facade.

Lululemon Athletica Inc. (NASDAQ:LULU) designs, distributes, and retails technical athletic apparel, footwear, and accessories for women and men under the lululemon brand in the US, Canada, Mexico, China Mainland, Hong Kong, Taiwan, Macau, and internationally.

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