5 Best Weight Loss Stocks to Buy Now

4. Lululemon Athletica Inc. (NASDAQ: LULU)

Number of Hedge Fund Holders: 41

Lululemon Athletica Inc. (NASDAQ: LULU) is an athletic apparel and accessories retailer. The company has two segments: Company Operated Stores and Direct to Consumer. It ranks 4th on our list of the best weight loss stocks to buy now.

This June, Evercore ISI stated that Lululemon Athletica Inc. (NASDAQ: LULU) Mirror products had resilient demand and were considered complementary buying options to Peloton Interactive, Inc. (NASDAQ: PTON) products. BTIG has made favorable comments about the company, saying that demand for its products has remained consistent during the pandemic. BTIG has retained its Buy rating and $434 price target on Lululemon Athletica Inc. (NASDAQ: LULU). In their fiscal first quarter of 2022 report, Lululemon Athletica Inc. (NASDAQ: LULU) had an EPS of $1.16, beating estimates by $0.25, while its $1.23 billion revenue, showcasing an 88.12% growth year over year, beat estimates by $96.86 million. The stock has gained 4.23% in the past 6 months and 2.75% year to date, while the company has a gross profit margin of 56.87%.

By the end of the first quarter of 2021, 41 hedge funds out of the 866 tracked by Insider Monkey held stakes in Lululemon Athletica Inc. (NASDAQ: LULU). The total value of their stakes was roughly $751 million. This is compared to 50 hedge funds in the previous quarter with a total stake value of about $929 million.