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 13 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Envela (NYSEMKT:ELA) is: Value: C, Growth: C, Momentum: B, Sentiment: A, Safety: C, Financials: B, and AI: C.
Envela (NYSEMKT:ELA) has a Due Diligence Score of 47, which is 22 points higher than the luxury industry average of 25.
ELA passed 15 out of 33 due diligence checks and has strong fundamentals. Envela has seen its stock return 39.55% over the past year, overperforming other luxury stocks by 9 percentage points.
Envela has an average 1 year
price target of $9.00, an upside of 21.46% from Envela's current stock price of $7.41.
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. Brilliant Earth Group (NASDAQ:BRLT)
The Component Grade breakdown for Brilliant Earth Group (NASDAQ:BRLT) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: A.
Brilliant Earth Group (NASDAQ:BRLT) has a Due Diligence Score of 28, which is 3 points higher than the luxury industry average of 25.
BRLT passed 10 out of 38 due diligence checks and has average fundamentals. Brilliant Earth Group has seen its stock return 4.07% over the past year, underperforming other luxury stocks by -26 percentage points.
Brilliant Earth Group has an average 1 year
price target of $2.00, a downside of -13.04% from Brilliant Earth Group's current stock price of $2.30.
Brilliant Earth Group stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Brilliant Earth Group, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% 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 #3 top luxury stock out of 13 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Tapestry (NYSE:TPR) is: Value: C, Growth: B, Momentum: C, Sentiment: C, Safety: B, Financials: A, and AI: C.
Tapestry (NYSE:TPR) has a Due Diligence Score of 31, which is 6 points higher than the luxury industry average of 25.
TPR passed 12 out of 38 due diligence checks and has average fundamentals. Tapestry has seen its stock return 153.88% over the past year, overperforming other luxury stocks by 123 percentage points.
Tapestry has an average 1 year
price target of $114.00, an upside of 3.75% from Tapestry's current stock price of $109.88.
Tapestry stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Tapestry, 58.33% have issued a Strong Buy rating, 25% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.