10 Best Seasonal Stocks To Buy According to Hedge Funds

5. The Gap, Inc. (NYSE:GAP)

Number of Hedge Fund Holders: 39 

The Gap, Inc. (NYSE:GAP) is a worldwide clothing and accessories retailer. In earnings for the third quarter of 2024, the company delivered net sales of $3.8 billion, an increase of 2% year-over-year, with comparable sales rising to 1%. The company reported a gross margin of 42.7% increase of 140 basis points versus last year’s gross margin, and the Merchandise margin increased by 90 basis points versus last year, primarily driven by improved inventory management. On January 27, Gap and Sean Wotherspoon announced an expanded partnership, bringing Gap’s iconic product archive directly to customers worldwide. GapVintage, globally sourced curations by Wotherspoon, will be available beginning February 2025.