5 Best Clothing Stocks To Buy Now

In this article, we discuss the 5 best clothing stocks to buy now. If you want to read our detailed analysis of the clothing industry, go directly and see the 10 Best Clothing Stocks To Buy Now.

5. Macy’s, Inc. (NYSE:M)

Number of Hedge Fund Holders: 35

Macy’s, Inc. (NYSE:M), an American retail of apparel, accessories, and other consumer goods, ranks fifth on our list of the best clothing stocks to buy now.

Macy’s, Inc. (NYSE:M) presented a positive hedge fund sentiment in Q2, as the number of hedge funds having stakes in the company grew to 35 from 31 in the previous quarter. The total worth of these stakes is over $1.02 billion, up from $790.3 million in Q1.

On October 22, Macy’s, Inc. (NYSE:M) declared a quarterly dividend of $0.15 per share, yielding 2.28%. Recently, Cowen lifted its price target on Macy’s, Inc. (NYSE:M) to $37, with an Outperform rating on the shares, highlighting the company’s e-commerce business, which, according to the firm’s analyst, could carry an $11.5 billion enterprise value.