Top 5 Luxury Clothing Stocks to Buy

2. Lululemon Athletica Inc. (NASDAQ:LULU)

Number of Hedge Fund Holders: 65

Lululemon Athletica Inc. (NASDAQ:LULU) is an athletic apparel brand. Some of Lululemon Athletica Inc. (NASDAQ:LULU)’s products are high-end and qualify the company to be included in the list of top luxury clothing brands. In 2019 Lululemon Athletica Inc. (NASDAQ:LULU) launched its luxury streetwear label called “Lab.” Lab products are usually priced 30% higher than existing Lululemon products.

As of the end of the last quarter of 2022, 65 hedge funds tracked by Insider Monkey reported having stakes in Lululemon Athletica Inc. (NASDAQ:LULU), up from 57 hedge funds in the previous quarter. The biggest stakeholder of Lululemon Athletica Inc. (NASDAQ:LULU) was Paul Marshall and Ian Wace’s Marshall Wace LLP which owns a $323 million stake.