5 Shopping Stocks to Buy in Holiday Season

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

Number of Hedge Fund Holders: 43  

The Gap, Inc. (NYSE:GPS) owns and runs one of the most recognizable apparel retail firms in the world. The stores operated by the firm market apparel for men, women, and children. The firm runs more than 3,100 stores globally, 615 of which are franchise stores. The stock has soared in the past few days after releasing a hoodie in collaboration with Yeezy, the fashion brand owned by famous rapper Kanye West. The stock also stands to benefit from an early start to holiday shopping amid supply chain challenges.

In early October, The Gap, Inc. (NYSE:GPS) announced that it had purchased Context-Based 4 Casting, a startup that uses artificial intelligence tools to transform retail operations. The purchase is part of a plan by the firm to increase investments in technology as it seeks to keep pace with ecommerce competition.

At the end of the second quarter of 2021, 43 hedge funds in the database of Insider Monkey held stakes worth $910 million in The Gap, Inc. (NYSE:GPS), up from 42 in the preceding quarter worth $988 million.