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. Movado Group (NYSE:MOV)
Movado Group (NYSE:MOV) is the #1 top luxury stock out of 11 with a Zen Rating of B. Stocks with a rating of B have had an average return of +17.17% per year.
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The Component Grade breakdown for Movado Group (NYSE:MOV) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: A.
Movado Group (NYSE:MOV) has a Due Diligence Score of 47, which is 11 points higher than the luxury industry average of 36.
MOV passed 16 out of 38 due diligence checks and has strong fundamentals. Movado Group has seen its stock return 64.49% over the past year, overperforming other luxury stocks by 56 percentage points.
Movado Group has an average 1 year
price target of $45.00, an upside of 37.4% from Movado Group's current stock price of $32.75.
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. Capri Holdings (NYSE:CPRI)
The Component Grade breakdown for Capri Holdings (NYSE:CPRI) is: Value: B, Growth: C, Momentum: F, Sentiment: C, Safety: C, Financials: B, and AI: B.
Capri Holdings (NYSE:CPRI) has a Due Diligence Score of 44, which is 8 points higher than the luxury industry average of 36.
CPRI passed 14 out of 33 due diligence checks and has strong fundamentals. Capri Holdings has seen its stock lose -36.4% over the past year, underperforming other luxury stocks by -45 percentage points.
Capri Holdings has an average 1 year
price target of $19.60, an upside of 41.11% from Capri Holdings's current stock price of $13.89.
Capri Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Capri Holdings, 30% have issued a Strong Buy rating, 10% have issued a Buy, 60% 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 #3 top luxury stock out of 11 with a Zen Rating of C. Stocks with a rating of C have had an average return of +5.11% per year.
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The Component Grade breakdown for Envela (NYSEMKT:ELA) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: C.
Envela (NYSEMKT:ELA) has a Due Diligence Score of 55, which is 19 points higher than the luxury industry average of 36.
ELA passed 18 out of 33 due diligence checks and has strong fundamentals. Envela has seen its stock return 89.84% over the past year, overperforming other luxury stocks by 81 percentage points.
Envela has an average 1 year
price target of $19.00, an upside of 41.16% from Envela's current stock price of $13.46.
Envela stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts 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.