5 Best Retail Stocks To Buy Now

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In this article, we will be taking a look at the 5 best retail stocks to buy now. To read our detailed analysis of the retail sector, you can go directly to see the 11 Best Retail Stocks To Buy Now.

5. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 70

NIKE, Inc. (NYSE:NKE) is a footwear retailer. It is based in Beaverton, Oregon.

An Outperform rating was reiterated on NIKE, Inc. (NYSE:NKE) on October 6 by Piral Dadhania at RBC Capital, alongside a $113 price target.

NIKE, Inc. (NYSE:NKE) had 70 hedge funds long its stock in the second quarter, with a total stake value of $2.4 billion.

Here’s what ClearBridge Investments said about NIKE, Inc. (NYSE:NKE) in its second-quarter 2023 investor letter:

“Athletic footwear and apparel company NIKE, Inc. (NYSE:NKE), also a beneficiary of pandemic pull-forward demand, lagged primarily around fears about consumer resilience and potential pressure on Nike’s business in a macroeconomic slowdown.”

Follow Nike Inc. (NYSE:NKE)

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