According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best luxury good stocks to buy right now are:
1. Envela (NYSEMKT:ELA)
Envela (NYSEMKT:ELA) is the #1 top luxury stock out of 12 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
Learn more.
The Component Grade breakdown for Envela (NYSEMKT:ELA) is: Value: C, Growth: C, Momentum: B, Sentiment: B, Safety: C, Financials: B, and AI: B.
Envela (NYSEMKT:ELA) has a Due Diligence Score of 35, which is 11 points higher than the luxury industry average of 24.
ELA passed 11 out of 33 due diligence checks and has average fundamentals. Envela has seen its stock return 18.14% over the past year, overperforming other luxury stocks by 19 percentage points.
Envela has an average 1 year
price target of $9.00, an upside of 57.07% from Envela's current stock price of $5.73.
Envela stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Envela, 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. Tapestry (NYSE:TPR)
Tapestry (NYSE:TPR) is the #2 top luxury stock out of 12 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
Learn more.
The Component Grade breakdown for Tapestry (NYSE:TPR) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: C.
Tapestry (NYSE:TPR) has a Due Diligence Score of 42, which is 18 points higher than the luxury industry average of 24.
TPR passed 16 out of 38 due diligence checks and has strong fundamentals. Tapestry has seen its stock return 86.28% over the past year, overperforming other luxury stocks by 87 percentage points.
Tapestry has an average 1 year
price target of $90.07, an upside of 14.14% from Tapestry's current stock price of $78.91.
Tapestry stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Tapestry, 57.14% have issued a Strong Buy rating, 28.57% have issued a Buy, 14.29% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Signet Jewelers (NYSE:SIG)
The Component Grade breakdown for Signet Jewelers (NYSE:SIG) is: Value: C, Growth: B, Momentum: D, Sentiment: C, Safety: F, Financials: C, and AI: C.
Signet Jewelers (NYSE:SIG) has a Due Diligence Score of 33, which is 9 points higher than the luxury industry average of 24.
SIG passed 13 out of 38 due diligence checks and has average fundamentals. Signet Jewelers has seen its stock lose -17.08% over the past year, underperforming other luxury stocks by -16 percentage points.
Signet Jewelers has an average 1 year
price target of $85.60, an upside of 11.91% from Signet Jewelers's current stock price of $76.49.
Signet Jewelers stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Signet Jewelers, 40% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.