Was David Tepper Right About These 5 Stocks?

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

No. of Hedge Fund Holders: 23

Performance of GPS Over the Past 6 Months: +25%

The Gap, Inc. (NYSE:GPS) is a collection of purpose-led, lifestyle brands offering apparel, accessories, and personal care products. The company offers an assortment of products for men, women, and children through its Intermix, and Janie and Jack brands.

Analysts at Robert W. Baird lowered their target price on shares of The Gap, Inc. (NYSE:GPS) from $14.00 to $11.00, giving a “Neutral” rating on the stock on 27^th May.

The Gap, Inc. (NYSE:GPS) was in 23 hedge fund portfolios at the end of the first quarter of 2022. Comparatively, in the preceding quarter, 30 hedge funds reported owning stakes in the company.