5 Best Clothing Stocks To Buy Now

3. The Gap, Inc. (NYSE:GPS)

Number of Hedge Fund Holders: 43

In the initial months of the pandemic, The Gap, Inc. (NYSE:GPS) reported a loss of $1 billion due to the lockdown. However, in Q2 2021, the company reported a 28.4% year-over-year growth in revenue at $4.21 billion.

As of Q2, Arrowstreet Capital is the largest shareholder of The Gap, Inc. (NYSE:GPS), owning over 7.2 million shares. In addition, 43 hedge funds tracked by Insider Monkey reported having stakes in the company in Q2, up from 42 in the previous quarter. The total value of these stakes is $910.6 million.

This August, Deutsche Bank raised its price target on The Gap, Inc. (NYSE:GPS) to $45, with a Buy rating on the shares. The stock is up 17.17% in 2021.