Top 5 Luxury Clothing Stocks to Invest in Now

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In this article, we discuss the top 5 luxury clothing stocks to invest in now. To read the detailed analysis of the luxury goods industry, go directly to the Top 11 Luxury Clothing Stocks to Invest in Now.

5. Ralph Lauren Corporation (NYSE:RL)

Number of Hedge Fund Holders: 38

Ralph Lauren Corporation (NYSE:RL) designs and distributes luxury lifestyle products and it sells its most luxurious clothing items through its Ralph Lauren Collection and Ralph Lauren Purple Label divisions. On our list of the top luxury clothing stocks to invest in now, Ralph Lauren Corporation (NYSE:RL) ranks fifth.

As of April 24, 8 Wall Street analysts keep a Buy rating on Ralph Lauren Corporation (NYSE:RL) and the average price target of $192.33 implies an upside of 14.71% from the current levels.

In the fourth quarter of 2023, 38 hedge funds held stakes in Ralph Lauren Corporation (NYSE:RL), and the total stake value was $719.705 million. This is compared to 26 funds in the previous quarter, with positions worth $321.640 million. As of the fourth quarter of 2023, Marshall Wace LLP initiated a position in the stock and is the biggest shareholder with a position worth $137.615 million.

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