5 Best Clothing Stocks To Buy Now

2. Lululemon Athletica Inc. (NASDAQ:LULU)

Number of Hedge Fund Holders: 50

Lululemon Athletica Inc. (NASDAQ:LULU) is a Vancouver, Canada-based athletic apparel company that was founded in 1998.

Experts think that Lululemon Athletica Inc. (NASDAQ:LULU) has a strong presence in the highly competitive athletic apparel industry. This was reiterated by the fact that the company reported strong Q2 2022 results that surpassed consensus estimates due to the brand momentum and product innovation. Furthermore, Lululemon Athletica Inc. (NASDAQ:LULU) raised its guidance to a higher level than the analysts’ forecast.

Lululemon Athletica Inc. (NASDAQ:LULU) is said to have near-term momentum and long-term growth opportunities. Some experts believe that the decline in consumption patterns due to rising inflation is not impacting the sales of Lululemon Athletica Inc. (NASDAQ:LULU), as shown by recent trends, making it one of the best clothing stocks to buy now.