5 Best Weight Loss Stocks to Buy Now

1. NIKE, Inc. (NYSE: NKE)

Number of Hedge Fund Holders: 78

NIKE, Inc. (NYSE: NKE) develops athletic footwear, apparel, fitness equipment, and accessories across the globe under the NIKE brand. It ranks 1st on our list of the best weight loss stocks to buy now.

On June 25th, NIKE, Inc. (NYSE: NKE) was reportedly a consumer gainer, and its strong earnings report had led to more analysts giving the stock favorable responses. Evercore ISI gave NIKE, Inc. (NYSE: NKE) an Outperform rating and BTIG assigned a Buy rating alongside UBS. In the fiscal fourth quarter of 2021, NIKE, Inc. (NYSE: NKE) had an EPS of $0.93, beating estimates by $0.42, while its $12.34 billion revenue showcasing a 95.53% growth year over year also beat estimates by $1.32 billion. The stock has gained 6.95% in the past 6 months and 8.73% year to date. NIKE, Inc. (NYSE: NKE) has a gross profit margin of 44.82% as well.

By the end of the first quarter of 2021, 78 hedge funds out of the 866 tracked by Insider Monkey held stakes in NIKE, Inc. (NYSE: NKE). The total value of their stakes was roughly $5.17 billion. This is compared to 82 hedge funds in the previous quarter, with a total stake value of about $6.28 billion.

You can also take a look at 10 Best Stocks To Buy For 2021 and 10 Best Stocks to Invest in 2021 For Long-Term Profits.

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