5 Best Clothing Stocks To Buy Now

4. Tapestry, Inc. (NYSE:TPR)

Number of Hedge Fund Holders: 41

Tapestry, Inc. (NYSE:TPR) is an American multinational luxury holding company that owns some of the most famous brands, such as Coach, Kate Spade, and Stuart Weitzman. The company stands fourth on our list of the best clothing stocks to buy now.

On August 19, Tapestry, Inc. (NYSE:TPR) announced a quarterly dividend of $0.25 per share, yielding 2.41%. This August, Baird raised its price target on Tapestry, Inc. (NYSE:TPR) to $60, with an Outperform rating on the shares.

Of the 873 hedge funds tracked by Insider Monkey, 41 hedge funds reported having stakes in Tapestry, Inc. (NYSE:TPR) in Q2, compared with 50 in the previous quarter. The total worth of these stakes is over $1.12 billion.