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Sectors & IndustriesConsumer CyclicalLuxury Goods
Best Luxury Stocks to Buy Now (2023)
Top luxury stocks in 2023 ranked by overall Zen Score. See the best luxury stocks to buy now, according to analyst forecasts for the luxury goods industry.

Industry: Luxury Goods
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
BRLT
BRILLIANT EARTH GROUP INC
$349.41M$3.63$6.8187.69%Buy834.39%92.51%899.51%38.53%
SIG
SIGNET JEWELERS LTD
$2.96B$65.44$83.7527.98%Buy4-0.96%36.65%28.73%6.85%
MOV
MOVADO GROUP INC
$592.31M$26.75$32.0019.63%Hold1N/AN/AN/AN/A
TPR
TAPESTRY INC
$9.83B$42.40$49.0915.78%Buy113.73%5.24%42.71%13.84%
CTHR
CHARLES & COLVARD LTD
$28.45M$0.93N/AN/AN/AN/AN/AN/AN/AN/A
FOSL
FOSSIL GROUP INC
$120.53M$2.30N/AN/AN/AN/AN/AN/AN/AN/A
MYTE
MYT NETHERLANDS PARENT BV
$343.80M$3.97$7.4086.40%Hold5N/AN/A12.28%8.53%
BGI
BIRKS GROUP INC
$108.64M$5.80N/AN/AN/AN/AN/AN/AN/AN/A
JEWL
ADAMAS ONE CORP
$19.71M$0.85N/AN/AN/AN/AN/AN/AN/AN/A
1

Luxury Stocks FAQ

What are the best luxury stocks to buy right now in Jun 2023?

According to Zen Score, the 3 best luxury good stocks to buy right now are:

1. Brilliant Earth Group (NASDAQ:BRLT)


Brilliant Earth Group (NASDAQ:BRLT) is the top luxury stock with a Zen Score of 48, which is 16 points higher than the luxury industry average of 32. It passed 16 out of 33 due diligence checks and has strong fundamentals. Brilliant Earth Group has seen its stock lose -23.9% over the past year, underperforming other luxury stocks by -17 percentage points.

Brilliant Earth Group has an average 1 year price target of $6.81, an upside of 87.69% from Brilliant Earth Group's current stock price of $3.63.

Brilliant Earth Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Brilliant Earth Group, 25% have issued a Strong Buy rating, 37.5% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Movado Group (NYSE:MOV)


Movado Group (NYSE:MOV) is the second best luxury stock with a Zen Score of 46, which is 14 points higher than the luxury industry average of 32. It passed 15 out of 38 due diligence checks and has strong fundamentals. Movado Group has seen its stock lose -21.49% over the past year, underperforming other luxury stocks by -15 percentage points.

Movado Group has an average 1 year price target of $32.00, an upside of 19.63% from Movado Group's current stock price of $26.75.

Movado Group stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Movado 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. Signet Jewelers (NYSE:SIG)


Signet Jewelers (NYSE:SIG) is the third best luxury stock with a Zen Score of 46, which is 14 points higher than the luxury industry average of 32. It passed 17 out of 38 due diligence checks and has strong fundamentals. Signet Jewelers has seen its stock return 4.09% over the past year, overperforming other luxury stocks by 11 percentage points.

Signet Jewelers has an average 1 year price target of $83.75, an upside of 27.98% from Signet Jewelers's current stock price of $65.44.

Signet Jewelers stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Signet Jewelers, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the luxury stocks with highest dividends?

Out of 3 luxury stocks that have issued dividends in the past year, the 3 luxury stocks with the highest dividend yields are:

1. Movado Group (NYSE:MOV)


Movado Group (NYSE:MOV) has an annual dividend yield of 8.97%, which is 5 percentage points higher than the luxury industry average of 4.12%. Movado Group's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Movado Group's dividend has shown consistent growth over the last 10 years.

Movado Group's dividend payout ratio of 63.2% indicates that its high dividend yield is sustainable for the long-term.

2. Tapestry (NYSE:TPR)


Tapestry (NYSE:TPR) has an annual dividend yield of 2.12%, which is -2 percentage points lower than the luxury industry average of 4.12%. Tapestry's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Tapestry's dividend has not shown consistent growth over the last 10 years.

Tapestry's dividend payout ratio of 30.6% indicates that its dividend yield is sustainable for the long-term.

3. Signet Jewelers (NYSE:SIG)


Signet Jewelers (NYSE:SIG) has an annual dividend yield of 1.27%, which is -3 percentage points lower than the luxury industry average of 4.12%. Signet Jewelers's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Signet Jewelers's dividend has shown consistent growth over the last 10 years.

Signet Jewelers's dividend payout ratio of 10.9% indicates that its dividend yield is sustainable for the long-term.

Why are luxury stocks up?

Luxury stocks were up 4.66% in the last day, and down -4.11% over the last week. Tapestry was the among the top gainers in the luxury goods industry, gaining 6.72% yesterday.

Shares of retail and apparel companies are trading higher amid overall market strength on renewed economic optimism following US Senate passage of a debt limit bill and strong US jobs data. Economic optimism could lift consumer spending outlook.

What are the most undervalued luxury stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued luxury stocks right now are:

1. Movado Group (NYSE:MOV)


Movado Group (NYSE:MOV) is the most undervalued luxury stock based on WallStreetZen's Valuation Score. Movado Group has a valuation score of 71, which is 39 points higher than the luxury industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Movado Group's stock has dropped -21.49% in the past year. It has underperformed other stocks in the luxury industry by -15 percentage points.

2. Signet Jewelers (NYSE:SIG)


Signet Jewelers (NYSE:SIG) is the second most undervalued luxury stock based on WallStreetZen's Valuation Score. Signet Jewelers has a valuation score of 57, which is 25 points higher than the luxury industry average of 32. It passed 4 out of 7 valuation due diligence checks.

Signet Jewelers's stock has gained 4.09% in the past year. It has overperformed other stocks in the luxury industry by 11 percentage points.

3. Brilliant Earth Group (NASDAQ:BRLT)


Brilliant Earth Group (NASDAQ:BRLT) is the third most undervalued luxury stock based on WallStreetZen's Valuation Score. Brilliant Earth Group has a valuation score of 43, which is 11 points higher than the luxury industry average of 32. It passed 3 out of 7 valuation due diligence checks.

Brilliant Earth Group's stock has dropped -23.9% in the past year. It has underperformed other stocks in the luxury industry by -17 percentage points.

Are luxury stocks a good buy now?

60% of luxury stocks rated by analysts are a buy right now. On average, analysts expect luxury stocks to rise by 25.93% over the next year.

What is the average p/e ratio of the luxury goods industry?

The average P/E ratio of the luxury goods industry is 8.9x.
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