Top 12 Luxury Clothing Stocks to Buy According to Hedge Funds

4. Tapestry, Inc. (NYSE:TPR)

Number of Hedge Fund Holders: 38

Tapestry, Inc. (NYSE:TPR) operates a global house of luxury brands, including Kate Spade New York, Coach, and Stuart Weitzman. The company is focusing on increasing consumer engagement across its portfolio. It acquired around 1.4 million new customers in fiscal Q1 2025 in North America alone, with all of its brands experiencing an increase. More than 50% of these customers were millennials and Gen Z, reflecting the success of Tapestry, Inc.’s (NYSE:TPR) strategy to recruit younger customers to its brands.

In fiscal Q1 2025, international revenue gains for the company grew by 2% in constant currency, which included a 27% increase in Europe. Tapestry, Inc. (NYSE:TPR) is focusing on fueling product excellence and fashion innovation through quality, creativity, and compelling value. This is reflected in the company’s brands, as Coach delivered continued growth in its handbags in fiscal Q1 2025, supported by AUR gains.

Tapestry, Inc.’s (NYSE:TPR) agile supply chain lends it a key competitive advantage, allowing it to effectively adapt to the evolving fashion landscape. It ranks fourth on our list of the best luxury clothing stocks to buy according to hedge funds.