5 Best Fashion and Apparel Stocks to Invest In

Below we presented the list of 5 Best Fashion and Apparel Stocks to Invest In. For our detailed discussion and a more comprehensive list please see 10 Best Fashion and Apparel Stocks to Invest In.

5. Capri Holdings Limited (NYSE:CPRI)

No of HFs: 36

Total Value of HF Holdings: $426 Million

The top hedge fund holder of this stock is Ricky Sandler’s Eminence Capital which had $133 million invested in the stock at the end of September. An insider recently purchased a 50,178 share at around $28 in August 2019. The stock is up 46% since then. Avory & CO mentioned a few of their comments on CPRI in its 4Q 2020 investor letter:

“John Idol, was amongst the most nimble and resilient CEOs in 2020. Capri, as most of the retail sector, faced various challenges; 1) Supply disruptions in their leather goods as a result of the large impact covid had on Italy, 2) Dwindling demand as brick and mortar locations were forced to shut down globally and 3) Debt due in December of 2020. John acted quickly and reduced his cost base through global furloughs, delayed reopenings, turned to social selling and clienteling, was able to refinance all the debt in 2020 and pushed it out multiple years, along with getting their three brands, Jimmy Choo, Versace, and Michael Kors to positive or mid negative single-digit comparable sales by August. Coming out of Covid Capri is a leaner business. Versace is realizing positive sales, and they now expect 2020 to be a profitable year. We believe that this type of management execution can and should totally transform the narrative around this company for many years to come.”