5 Best Clothing Stocks To Buy Now

1. Nike, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 67

Nike, Inc. (NYSE:NKE) tops our list of the best clothing stocks to buy now. The stock plunged in the initial months of the pandemic, reaching $67.45 per share in March 2020. However, it gained 25.7% in the past year and 23% in 2021.

Fundsmith LLP is the largest shareholder of Nike, Inc. (NYSE:NKE) in Q2, with shares worth $1.3 billion. Overall, 67 hedge funds tracked by Insider Monkey have stakes in the company in Q2, compared with 78 in the previous quarter. The total value of these stakes is $6.42 billion, up from $5.17 billion in Q1.

In October, Goldman Sachs initiated its coverage on Nike, Inc. (NYSE:NKE) with a Buy rating and a $172 price target. The firm’s analyst highlighted that the company can benefit from its direct-to-consumer initiative, which would drive higher gross margins.

You can also take a look at 15 Best Retail Stocks for 2021 and 15 Best Consumer Discretionary Stocks to Buy Now

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