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Best Luxury Stocks to Buy Now (2022)
Top luxury stocks in 2022 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
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
CTHR
CHARLES & COLVARD LTD
NASDAQ
Luxury Goods
$38.67M$1.265.88%$5.36M3.41x0.15
MOV
MOVADO GROUP INC
NYSE
Luxury Goods
$738.28M$32.732.09%$140.91M7.51x0.60
TPR
TAPESTRY INC
NYSE
Luxury Goods
$8.39B$33.333.86%$1.32B10.51x1.90
SIG
SIGNET JEWELERS LTD
NYSE
Luxury Goods
$2.88B$61.888.03%$759.60M6.42x3.48
FOSL
FOSSIL GROUP INC
NASDAQ
Luxury Goods
$318.37M$6.153.19%$192.98M11.18x1.96
MYTE
MYT NETHERLANDS PARENT BV
NYSE
Luxury Goods
$956.45M$11.075.13%$14.72M-49.64x0.36
BGI
BIRKS GROUP INC
NYSEMKT
Luxury Goods
$96.32M$5.362.68%N/A76.57x30.25
BRLT
BRILLIANT EARTH GROUP INC
NASDAQ
Luxury Goods
$498.91M$5.2410.32%N/AN/A17.07

Luxury Stocks FAQ

What are the best luxury stocks to buy right now in Jun 2022?

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

1. Charles & Colvard (NASDAQ:CTHR)


Charles & Colvard (NASDAQ:CTHR) is the top luxury stock with a Zen Score of 63, which is 22 points higher than the luxury industry average of 41. It passed 20 out of 33 due diligence checks and has strong fundamentals. Charles & Colvard has seen its stock lose -58.96% over the past year, underperforming other luxury stocks by -33 percentage points.

Charles & Colvard has an average 1 year price target of $3.75, an upside of 197.62% from Charles & Colvard's current stock price of $1.26.

Charles & Colvard stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Charles & Colvard, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Movado Group (NYSE:MOV)


Movado Group (NYSE:MOV) is the second best luxury stock with a Zen Score of 54, which is 13 points higher than the luxury industry average of 41. It passed 20 out of 38 due diligence checks and has strong fundamentals. Movado Group has seen its stock return 3.61% over the past year, overperforming other luxury stocks by 29 percentage points.

Movado Group has an average 1 year price target of $43.00, an upside of 31.38% from Movado Group's current stock price of $32.73.

Movado Group stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Movado Group, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Tapestry (NYSE:TPR)


Tapestry (NYSE:TPR) is the third best luxury stock with a Zen Score of 51, which is 10 points higher than the luxury industry average of 41. It passed 20 out of 38 due diligence checks and has strong fundamentals. Tapestry has seen its stock lose -22.54% over the past year, overperforming other luxury stocks by 3 percentage points.

Tapestry has an average 1 year price target of $45.22, an upside of 35.68% from Tapestry's current stock price of $33.33.

Tapestry stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Tapestry, 55.56% have issued a Strong Buy rating, 22.22% have issued a Buy, 22.22% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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 3.51%, which is 1 percentage points higher than the luxury industry average of 2.57%. 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 22.9% indicates that its dividend yield is sustainable for the long-term.

2. Tapestry (NYSE:TPR)


Tapestry (NYSE:TPR) has an annual dividend yield of 3%, which is the same as the luxury industry average of 2.57%. Tapestry's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Tapestry's dividend has not shown consistent growth over the last 10 years.

Tapestry's dividend payout ratio of 23.7% 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 1.2%, which is -1 percentage points lower than the luxury industry average of 2.57%. 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 7.7% indicates that its dividend yield is sustainable for the long-term.

Why are luxury stocks up?

Luxury stocks were up 5.33% in the last day, and up 4.25% over the last week. Signet Jewelers was the among the top gainers in the luxury goods industry, gaining 8.03% yesterday.

Shares of several companies in the retail & apparel space are trading higher as stocks rebound following last week's selloff. The sector has experienced volatility amid Fed policy tightening measures which may lead to a slowdown in economic growth and consumer spending.

What are the most undervalued luxury stocks?

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

1. Charles & Colvard (NASDAQ:CTHR)


Charles & Colvard (NASDAQ:CTHR) is the most undervalued luxury stock based on WallStreetZen's Valuation Score. Charles & Colvard has a valuation score of 71, which is 28 points higher than the luxury industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Charles & Colvard's stock has dropped -58.96% in the past year. It has underperformed other stocks in the luxury industry by -33 percentage points.

2. Fossil Group (NASDAQ:FOSL)


Fossil Group (NASDAQ:FOSL) is the second most undervalued luxury stock based on WallStreetZen's Valuation Score. Fossil Group has a valuation score of 71, which is 28 points higher than the luxury industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Fossil Group's stock has dropped -55.04% in the past year. It has underperformed other stocks in the luxury industry by -29 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 14 points higher than the luxury industry average of 43. It passed 4 out of 7 valuation due diligence checks.

Signet Jewelers's stock has dropped -22.18% in the past year. It has overperformed other stocks in the luxury industry by 4 percentage points.

Are luxury stocks a good buy now?

57.14% of luxury stocks rated by analysts are a strong buy right now. On average, analysts expect luxury stocks to rise by 49.73% 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 5.45x.
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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.