According to Zen Score, the 3 best luxury good stocks to buy right now are:
1. Signet Jewelers (NYSE:SIG)
Signet Jewelers (NYSE:SIG) is the top luxury stock with a Zen Score of 53, which is 24 points higher than the luxury industry average of 29. It passed 20 out of 38 due diligence checks and has strong fundamentals. Signet Jewelers has seen its stock return 36.32% over the past year, overperforming other luxury stocks by 32 percentage points.
Signet Jewelers has an average 1 year
price target of $120.20, an upside of 27.4% from Signet Jewelers's current stock price of $94.35.
Signet Jewelers stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Signet Jewelers, 60% have issued a Strong Buy rating, 0% have issued a Buy, 40% 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 52, which is 23 points higher than the luxury industry average of 29. It passed 17 out of 33 due diligence checks and has strong fundamentals. Brilliant Earth Group has seen its stock lose -30.59% over the past year, underperforming other luxury stocks by -35 percentage points.
Brilliant Earth Group has an average 1 year
price target of $3.33, an upside of 27.7% from Brilliant Earth Group's current stock price of $2.61.
Brilliant Earth Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Brilliant Earth Group, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% 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 third best luxury stock with a Zen Score of 41, which is 12 points higher than the luxury industry average of 29. It passed 13 out of 33 due diligence checks and has strong fundamentals. Envela has seen its stock lose -29.05% over the past year, underperforming other luxury stocks by -33 percentage points.