According to Due Diligence 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 Due Diligence Score of 51, which is 27 points higher than the luxury industry average of 24. It passed 18 out of 38 due diligence checks and has strong fundamentals. Movado Group has seen its stock lose -31.21% over the past year, underperforming other luxury stocks by -19 percentage points.
Movado Group has an average 1 year
price target of $31.50, an upside of 61.7% from Movado Group's current stock price of $19.48.
Movado Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Movado Group, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Signet Jewelers (NYSE:SIG)
Signet Jewelers (NYSE:SIG) is the second best luxury stock with a Due Diligence Score of 48, which is 24 points higher than the luxury industry average of 24. It passed 17 out of 38 due diligence checks and has strong fundamentals. Signet Jewelers has seen its stock lose -48.78% over the past year, underperforming other luxury stocks by -36 percentage points.
Signet Jewelers has an average 1 year
price target of $90.25, an upside of 68.06% from Signet Jewelers's current stock price of $53.70.
Signet Jewelers stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Signet Jewelers, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% 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 Due Diligence Score of 45, which is 21 points higher than the luxury industry average of 24. It passed 17 out of 38 due diligence checks and has strong fundamentals. Tapestry has seen its stock return 98.19% over the past year, overperforming other luxury stocks by 111 percentage points.
Tapestry has an average 1 year
price target of $78.44, a downside of -10.56% from Tapestry's current stock price of $87.70.
Tapestry stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Tapestry, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.