11 Best Retail Stocks to Buy Right Now

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8. Lululemon Athletica Inc. (NASDAQ:LULU)

Number of Hedge Fund Holders: 60

Founded in 1988, Lululemon Athletica Inc. (NASDAQ:LULU) is a luxury athletic apparel, footwear, and accessories retailer with around 38,000 employees. It sells leisure-athletic wear and accessories such as socks, bags, and yoga mats for fitness activities.

Evercore ISI analyst Michael Binetti maintained a Buy rating on Lululemon Athletica Inc. (NASDAQ:LULU) on April 16 and set a price target of $320.00. William Blair analyst Sharon Zackfia also reiterated their bullish stance on the stock, giving a Buy rating on April 2. The analyst based this positive rating on the potential effect of Trump’s tariffs on Lululemon Athletica Inc.’s (NASDAQ:LULU) products. Although the tariffs could impact a considerable portion of the company’s merchandise because of their tariffed sourcing origins, the analyst remains bullish on the stock’s ability to withstand these challenges.

More than 60% of Lululemon Athletica Inc.’s (NASDAQ:LULU) sales occur in the United States, and it operates with a merchandise margin of 70%, so a 35% blended tariff could act as a considerable obstacle. However, the Buy rating suggests that the company is poised to sustain its profitability and navigate these challenges. It takes the eighth spot on our list of the best retail stocks to buy right now.

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