5 Best Clothing Stocks To Buy Now

2. Lululemon Athletica Inc. (NASDAQ:LULU)

Number of Hedge Fund Holders: 57

Lululemon Athletica Inc. (NASDAQ:LULU) is a Canadian retailer of athletic apparel and accessories for women and men. It operates in two segments – Company-Operated Stores and Direct to Consumer. Lululemon Athletica Inc. (NASDAQ:LULU) is one of the top clothing stocks to invest in. 

On October 25, JPMorgan analyst Matthew Boss maintained an Overweight rating on Lululemon Athletica Inc. (NASDAQ:LULU) but lowered the price target on the shares to $413 from $464. The analyst raised his Q3 revenue estimate to up 29.6% year-over-year, above consensus at up 24.8%. He believes newness and innovation are driving “model momentum” at Lululemon Athletica Inc. (NASDAQ:LULU).

According to Insider Monkey’s data, 57 hedge funds were long Lululemon Athletica Inc. (NASDAQ:LULU) at the end of September 2022, compared to 50 funds in the preceding quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the biggest stakeholder of the company, with 1.06 million shares worth $296.6 million. 

Follow Lululemon Athletica Inc. (NASDAQ:LULU)