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Best Luxury Stocks to Buy Now (2023)
Top luxury stocks in 2023 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 ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
MOV
MOVADO GROUP INC
NYSE
Luxury Goods
$636.89M$28.770.77%$130.74M6.85x0.55
BRLT
BRILLIANT EARTH GROUP INC
NASDAQ
Luxury Goods
$376.06M$3.914.83%$11.78M19.55x15.50
CTHR
CHARLES & COLVARD LTD
NASDAQ
Luxury Goods
$28.39M$0.934.85%-$1.33M-18.60x0.17
SIG
SIGNET JEWELERS LTD
NYSE
Luxury Goods
$3.52B$77.783.29%$629.20M10.60x2.78
TPR
TAPESTRY INC
NYSE
Luxury Goods
$10.18B$43.112.47%$1.26B12.57x2.14
MYTE
MYT NETHERLANDS PARENT BV
NYSE
Luxury Goods
$608.80M$7.033.38%$13.08M-81.74x0.45
FOSL
FOSSIL GROUP INC
NASDAQ
Luxury Goods
$165.89M$3.201.59%$99.09M-3.76x2.06
BGI
BIRKS GROUP INC
NYSEMKT
Luxury Goods
$151.91M$8.11-0.25%$7.17M-90.11x41.65
JEWL
ADAMAS ONE CORP
NASDAQ
Luxury Goods
$17.60M$0.83-1.19%N/AN/A1.36
1

Luxury Stocks FAQ

What are the best luxury stocks to buy right now in Apr 2023?

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

1. Movado Group (NYSE:MOV)


Movado Group (NYSE:MOV) is the top luxury stock with a Zen Score of 51, which is 24 points higher than the luxury industry average of 27. It passed 17 out of 38 due diligence checks and has strong fundamentals. Movado Group has seen its stock lose -26.33% over the past year, underperforming other luxury stocks by -18 percentage points.

Movado Group has an average 1 year price target of $32.00, an upside of 11.23% from Movado Group's current stock price of $28.77.

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.

2. Brilliant Earth Group (NASDAQ:BRLT)


Brilliant Earth Group (NASDAQ:BRLT) is the second best luxury stock with a Zen Score of 34, which is 7 points higher than the luxury industry average of 27. It passed 12 out of 33 due diligence checks and has average fundamentals. Brilliant Earth Group has seen its stock lose -62% over the past year, underperforming other luxury stocks by -54 percentage points.

Brilliant Earth Group has an average 1 year price target of $6.94, an upside of 77.44% from Brilliant Earth Group's current stock price of $3.91.

Brilliant Earth Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Brilliant Earth Group, 25% have issued a Strong Buy rating, 37.5% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Charles & Colvard (NASDAQ:CTHR)


Charles & Colvard (NASDAQ:CTHR) is the third best luxury stock with a Zen Score of 32, which is 5 points higher than the luxury industry average of 27. It passed 9 out of 33 due diligence checks and has average fundamentals. Charles & Colvard has seen its stock lose -40.76% over the past year, underperforming other luxury stocks by -33 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 4.87%, which is 2 percentage points higher than the luxury industry average of 2.85%. Movado Group's dividend payout is not stable, having dropped more than 10% one 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 33.3% 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 2.67%, which is the same as the luxury industry average of 2.85%. 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 32.1% 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 1.03%, which is -2 percentage points lower than the luxury industry average of 2.85%. 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 10.9% indicates that its dividend yield is sustainable for the long-term.

Why are luxury stocks up?

Luxury stocks were up 2.49% in the last day, and up 6.11% over the last week. Myt Netherlands Parent Bv was the among the top gainers in the luxury goods industry, gaining 3.38% yesterday.

Shares of several companies in the broader consumer discretionary sector are trading higher amid overall market strength after PCE data came in below estimates, which has raised hopes of slowing inflation.

What are the most undervalued luxury stocks?

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

1. Movado Group (NYSE:MOV)


Movado Group (NYSE:MOV) is the most undervalued luxury stock based on WallStreetZen's Valuation Score. Movado Group has a valuation score of 71, which is 42 points higher than the luxury industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Movado Group's stock has dropped -26.33% in the past year. It has underperformed other stocks in the luxury industry by -18 percentage points.

2. Charles & Colvard (NASDAQ:CTHR)


Charles & Colvard (NASDAQ:CTHR) is the second most undervalued luxury stock based on WallStreetZen's Valuation Score. Charles & Colvard has a valuation score of 43, which is 14 points higher than the luxury industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Charles & Colvard's stock has dropped -40.76% in the past year. It has underperformed other stocks in the luxury industry by -33 percentage points.

3. Fossil Group (NASDAQ:FOSL)


Fossil Group (NASDAQ:FOSL) is the third most undervalued luxury stock based on WallStreetZen's Valuation Score. Fossil Group has a valuation score of 43, which is 14 points higher than the luxury industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Fossil Group's stock has dropped -66.8% in the past year. It has underperformed other stocks in the luxury industry by -59 percentage points.

Are luxury stocks a good buy now?

60% of luxury stocks rated by analysts are a buy right now. On average, analysts expect luxury stocks to rise by 9.08% 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 7.16x.
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