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 12 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
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The Component Grade breakdown for Movado Group (NYSE:MOV) is: Value: C, Growth: B, Momentum: B, Sentiment: A, Safety: C, Financials: B, and AI: B.
Movado Group (NYSE:MOV) has a Due Diligence Score of 43, which is 10 points higher than the luxury industry average of 33.
MOV passed 15 out of 38 due diligence checks and has strong fundamentals. Movado Group has seen its stock return 138.02% over the past year, overperforming other luxury stocks by 95 percentage points.
Movado Group has an average 1 year
price target of $45.00, an upside of 22.45% from Movado Group's current stock price of $36.75.
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. Tapestry (NYSE:TPR)
Tapestry (NYSE:TPR) is the #2 top luxury stock out of 12 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 Tapestry (NYSE:TPR) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: C.
Tapestry (NYSE:TPR) has a Due Diligence Score of 44, which is 11 points higher than the luxury industry average of 33.
TPR passed 18 out of 38 due diligence checks and has strong fundamentals. Tapestry has seen its stock return 52.63% over the past year, overperforming other luxury stocks by 10 percentage points.
Tapestry has an average 1 year
price target of $183.56, an upside of 11.39% from Tapestry's current stock price of $164.78.
Tapestry stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Tapestry, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Therealreal (NASDAQ:REAL)
The Component Grade breakdown for Therealreal (NASDAQ:REAL) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: C.
Therealreal (NASDAQ:REAL) has a Due Diligence Score of 10, which is -23 points lower than the luxury industry average of 33.
REAL passed 4 out of 33 due diligence checks and has weak fundamentals. Therealreal has seen its stock return 81.55% over the past year, overperforming other luxury stocks by 39 percentage points.
Therealreal has an average 1 year
price target of $16.33, an upside of 37.14% from Therealreal's current stock price of $11.91.
Therealreal stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Therealreal, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.