5 Best Global Luxury Stocks to Buy

3. Tapestry, Inc. (NYSE:TPR)

Number of Hedge Fund Holders: 40

Dollar Value of Hedge Fund Holdings: $467,659,000

Tapestry, Inc. (NYSE:TPR) is a New York luxury fashion holding company with the ownership of renowned brands like Coach, Kate Spade New York, and Stuart Weitzman.

During the three months that ended on April 1, Tapestry, Inc. (NYSE:TPR) reported a 5% YoY increase in sales to $1.51 billion. The revenue growth was driven by the international segment, as the Chinese market reported a greater-than-anticipated recovery in sales by nearly 20%. Tapestry, Inc. (NYSE:TPR) also saw its net profit increase from $123 million a year earlier to $187 million.  You can read Tapestry, Inc.’s (NYSE:TPR) Q4 2023 earnings call transcript here.