5 Cheap Retail Stocks to Buy

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In this article, we will take a look at the 5 cheap retail stocks to buy. To see more such companies, go directly to 10 Cheap Retail Stocks to Buy.

5. Lululemon Athletica Inc. (NASDAQ:LULU)

Number of Hedge Fund Holders: 65

One-Year Average Price Estimate: $398.02

Athletic apparel retailer Lululemon Athletica Inc. (NASDAQ:LULU) ranks 5th in our list of cheap retail stocks to buy. Lululemon Athletica Inc. (NASDAQ:LULU) recently posted strong Q4 results.

Stifel analyst Jim Duffy after the results reiterated his Buy rating on Lululemon Athletica Inc. (NASDAQ:LULU) and increased his price target to $460 from $450. The analyst said he reaffirms his “conviction in Lululemon Athletica Inc. (NASDAQ:LULU) as a core growth holding and continues to view shares undervalued.”

On the other hand, Bank of America analyst Lorraine said the strong sales data from the quarter shows that the inventory issues could be resolved organically without any need of promotions.

Insider Monkey’s proprietary database of 943 hedge funds shows that 65 hedge funds had stakes in Lululemon Athletica Inc. (NASDAQ:LULU) as of the end of the fourth quarter of 2022, up from 57 hedge funds in the previous quarter. The biggest stakeholder of Lululemon Athletica Inc. (NASDAQ:LULU) was

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