5 Best Dividend Stocks to Buy According to Billionaire Philippe Laffont

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

Value: $149,277,000
Percent of Philippe Laffont’s 13F Portfolio: 0.55%
No. of Hedge Fund Holders: 38
Dividend Yield: 2.93%

US apparel company Gap is one of the best dividend stocks to buy based on billionaire Philippe Laffont’s portfolio.  The Gap, Inc. (NYSE: GPS) will open 20-30 new Athleta stores, after scoring 29% growth in sales in Q4. Athleta will also enter Canadian market this year and will also launch e-commerce. This expansion will help company hit $2 billion in net sales by 2023.

The American clothes and clothing accessories sales for March grew 18.3% MoM and 101% YoY, while department sales surged 13% MoM and 25.6% YoY. This will further boost Gap pick up on its sales.

The stock of The Gap, Inc. (NYSE: GPS) has more than doubled over the past year. The company’s Q4 revenue was $4.42 billion down 5.4% YoY, while GAAP EPS was $0.61. For FY 2021 operating margin is expected to be 5%, and EPS is expected to be in the range of $1.20 – $1.35