Sectors & Industries Consumer CyclicalLuxury Goods
Best Luxury Stocks to Buy Now (2024)
Top luxury stocks in 2024 ranked by overall Zen Score. See the best luxury stocks to buy now, according to analyst forecasts for the luxury goods industry.

Industry: Luxury Goods

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
SIG	SIGNET JEWELERS LTD	$105.83	556,707	-24.55%	101.63	99.61	98.79	99.72	89.84	63.01	88.54	88.12	98.61	97.26	1.52	0.78	0.74	1.75
BRLT	BRILLIANT EARTH GROUP INC	$2.38	21,527	-88.13%	2.35	2.48	2.68	2.85	2.92	40.35	25.59	17.51	55.88	36.70	-0.10	-0.10	0.00	1.57
ELA	ENVELA CORP	$4.58	66,816	137.68%	4.56	4.55	4.49	4.46	4.53	52.79	31.94	32.12	42.66	42.74	0.03	0.03	-0.00	0.80
MOV	MOVADO GROUP INC	$26.28	204,282	43.75%	26.95	26.71	26.53	27.30	27.69	44.99	45.17	53.01	21.71	30.71	0.11	0.14	-0.04	1.12
TPR	TAPESTRY INC	$42.35	2,753,475	30.54%	42.01	41.11	42.16	42.49	36.93	55.50	76.14	76.58	56.24	60.86	0.15	-0.01	0.16	1.50
REAL	THEREALREAL INC	$4.34	1,866,936	-10.00%	4.19	4.16	3.78	3.01	2.55	57.97	48.11	42.69	33.44	24.67	0.15	0.18	-0.03	2.16
CTHR	CHARLES & COLVARD LTD	$2.17	72,775	696.66%	2.43	2.69	3.11	3.48	4.42	28.64	3.33	3.83	2.45	4.40	-0.27	-0.24	-0.04	0.52
MYTE	MYT NETHERLANDS PARENT BV	$5.42	55,658	64.36%	5.16	4.84	4.17	3.66	3.46	70.25	89.80	90.60	77.74	82.45	0.35	0.32	0.03	1.34
JEWL	ADAMAS ONE CORP	$0.35	183,111	308.99%	0.30	0.30	0.33	0.43	0.56	60.16	40.28	31.74	66.51	55.37	-0.01	-0.02	0.01	0.17
FOSL	FOSSIL GROUP INC	$1.22	511,630	34.83%	1.33	1.17	1.01	1.06	1.36	54.42	60.50	63.93	24.48	35.27	0.10	0.10	0.00	1.23
LANV	LANVIN GROUP HOLDINGS LTD	$1.60	26,778	-78.69%	1.58	1.59	1.55	1.86	2.82	50.42	49.23	42.55	63.12	47.39	-0.02	-0.02	-0.00	0.12
CPRI	CAPRI HOLDINGS LTD	$33.85	2,155,327	31.66%	34.96	35.51	38.82	43.29	47.00	23.48	17.30	13.24	0.00	1.32	-1.18	-1.22	0.05	1.57
BGI	BIRKS GROUP INC	$2.85	1,265	-85.09%	2.90	2.68	2.79	3.34	3.67	53.02	70.45	75.47	74.25	82.63	0.04	0.00	0.04	1.06

Luxury Stocks FAQ

What are the best luxury stocks to buy right now in Jun 2024?

According to Zen Score, the 3 best luxury good stocks to buy right now are:

1. Signet Jewelers (NYSE:SIG)

Signet Jewelers (NYSE:SIG) is the top luxury stock with a Zen Score of 51, which is 26 points higher than the luxury industry average of 25. It passed 19 out of 38 due diligence checks and has strong fundamentals. Signet Jewelers has seen its stock return 62.09% over the past year, overperforming other luxury stocks by 53 percentage points.

Signet Jewelers has an average 1 year price target of $120.20, an upside of 13.58% from Signet Jewelers's current stock price of $105.83.

Signet Jewelers stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Signet Jewelers, 60% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Brilliant Earth Group (NASDAQ:BRLT)

Brilliant Earth Group (NASDAQ:BRLT) is the second best luxury stock with a Zen Score of 47, which is 22 points higher than the luxury industry average of 25. It passed 15 out of 33 due diligence checks and has strong fundamentals. Brilliant Earth Group has seen its stock lose -27.66% over the past year, underperforming other luxury stocks by -36 percentage points.

Brilliant Earth Group has an average 1 year price target of $3.33, an upside of 40.04% from Brilliant Earth Group's current stock price of $2.38.

Brilliant Earth Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Brilliant Earth Group, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Envela (NYSEMKT:ELA)

Envela (NYSEMKT:ELA) is the third best luxury stock with a Zen Score of 45, which is 20 points higher than the luxury industry average of 25. It passed 14 out of 33 due diligence checks and has strong fundamentals. Envela has seen its stock lose -34.29% over the past year, underperforming other luxury stocks by -43 percentage points.

What are the luxury stocks with highest dividends?

Out of 3 luxury stocks that have issued dividends in the past year, the 3 luxury stocks with the highest dividend yields are:

1. Movado Group (NYSE:MOV)

Movado Group (NYSE:MOV) has an annual dividend yield of 5.33%, which is 2 percentage points higher than the luxury industry average of 3.15%. Movado Group's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Movado Group's dividend has shown consistent growth over the last 10 years.

Movado Group's dividend payout ratio of 77.3% indicates that its high dividend yield is sustainable for the long-term.

2. Tapestry (NYSE:TPR)

Tapestry (NYSE:TPR) has an annual dividend yield of 3.19%, which is the same as the luxury industry average of 3.15%. Tapestry's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Tapestry's dividend has shown consistent growth over the last 10 years.

Tapestry's dividend payout ratio of 35.2% indicates that its dividend yield is sustainable for the long-term.

3. Signet Jewelers (NYSE:SIG)

Signet Jewelers (NYSE:SIG) has an annual dividend yield of 0.93%, which is -2 percentage points lower than the luxury industry average of 3.15%. Signet Jewelers's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Signet Jewelers's dividend has shown consistent growth over the last 10 years.

Signet Jewelers's dividend payout ratio of 5.3% indicates that its dividend yield is sustainable for the long-term.

Why are luxury stocks up?

Luxury stocks were up 0.72% in the last day, and up 2.17% over the last week.

We couldn't find a catalyst for why luxury stocks are up.

What are the most undervalued luxury stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued luxury stocks right now are:

1. Envela (NYSEMKT:ELA)

Envela (NYSEMKT:ELA) is the most undervalued luxury stock based on WallStreetZen's Valuation Score. Envela has a valuation score of 57, which is 34 points higher than the luxury industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Envela's stock has dropped -34.29% in the past year. It has underperformed other stocks in the luxury industry by -43 percentage points.

2. Brilliant Earth Group (NASDAQ:BRLT)

Brilliant Earth Group (NASDAQ:BRLT) is the second most undervalued luxury stock based on WallStreetZen's Valuation Score. Brilliant Earth Group has a valuation score of 57, which is 34 points higher than the luxury industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Brilliant Earth Group's stock has dropped -27.66% in the past year. It has underperformed other stocks in the luxury industry by -36 percentage points.

3. Signet Jewelers (NYSE:SIG)

Signet Jewelers (NYSE:SIG) is the third most undervalued luxury stock based on WallStreetZen's Valuation Score. Signet Jewelers has a valuation score of 57, which is 34 points higher than the luxury industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Signet Jewelers's stock has gained 62.09% in the past year. It has overperformed other stocks in the luxury industry by 53 percentage points.

Are luxury stocks a good buy now?

57.14% of luxury stocks rated by analysts are a buy right now. On average, analysts expect luxury stocks to rise by 19.24% over the next year.

What is the average p/e ratio of the luxury goods industry?

The average P/E ratio of the luxury goods industry is 3.75x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.

Sectors & Industries Consumer CyclicalLuxury Goods
Best Luxury Stocks to Buy Now (2024)
Top luxury stocks in 2024 ranked by overall Zen Score. See the best luxury stocks to buy now, according to analyst forecasts for the luxury goods industry.

Luxury Stocks FAQ

1. Signet Jewelers (NYSE:SIG)

2. Brilliant Earth Group (NASDAQ:BRLT)

3. Envela (NYSEMKT:ELA)

1. Movado Group (NYSE:MOV)

2. Tapestry (NYSE:TPR)

3. Signet Jewelers (NYSE:SIG)

1. Envela (NYSEMKT:ELA)

2. Brilliant Earth Group (NASDAQ:BRLT)

3. Signet Jewelers (NYSE:SIG)

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