Top 5 Luxury Clothing Stocks to Invest in Now

4. Tapestry, Inc. (NYSE:TPR)

Number of Hedge Fund Holders: 40

Tapestry, Inc. (NYSE:TPR) designs and manufactures high-end accessories and branded lifestyle products through different brands, including Coach, Kate Spade, and Stuart Weitzman. 40 hedge funds had investments in Tapestry, Inc. (NYSE:TPR) and the total stake value was $800.857 million. As of Q4 of 2023, Citadel Investment Group is the top investor and has increased its stake in the company by 4552% to nearly 4 million shares worth $147.150 million.

As of April 24, Tapestry, Inc.’s (NYSE:TPR) stock has gained 25.45% and the company has seen EPS growth of 23.01% in the last 5 years.

11 Wall Street analysts keep a Buy rating on Tapestry, Inc. (NYSE:TPR) and the average price target of $51.29 has an upside of 29.16% from the last price of $39.71, as of April 24.

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