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Best Luxury Stocks to Buy Now (2024)
Top luxury stocks in 2024 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
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
MOV
MOVADO GROUP INC
$636.13M$28.81$41.0042.31%Strong Buy1N/AN/AN/AN/A
ELA
ENVELA CORP
$118.28M$4.43N/AN/AN/AN/AN/AN/AN/AN/A
BRLT
BRILLIANT EARTH GROUP INC
$263.11M$2.71$3.7036.53%Buy26.48%530.00%863.54%38.37%
SIG
SIGNET JEWELERS LTD
$4.50B$101.57$109.677.97%Strong Buy3-1.02%N/AN/AN/A
TPR
TAPESTRY INC
$10.83B$47.22$46.36-1.81%Buy112.00%1.72%N/AN/A
CPRI
CAPRI HOLDINGS LTD
$5.34B$45.81$57.0024.43%Hold10.93%156.18%N/AN/A
MYTE
MYT NETHERLANDS PARENT BV
$300.33M$3.46$4.6333.67%Buy212.04%N/AN/AN/A
CTHR
CHARLES & COLVARD LTD
$10.68M$0.35N/AN/AN/AN/AN/AN/AN/AN/A
FOSL
FOSSIL GROUP INC
$54.05M$1.03N/AN/AN/AN/AN/AN/AN/AN/A
REAL
THEREALREAL INC
$288.95M$2.76$3.7535.87%Hold36.81%N/AN/A-26.47%
LANV
LANVIN GROUP HOLDINGS LTD
$271.11M$2.07N/AN/AN/AN/AN/AN/AN/AN/A
JEWL
ADAMAS ONE CORP
$15.09M$0.54N/AN/AN/AN/AN/AN/AN/AN/A
BGI
BIRKS GROUP INC
$74.17M$3.96N/AN/AN/AN/AN/AN/AN/AN/A

Luxury Stocks FAQ

What are the best luxury stocks to buy right now in Mar 2024?

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

1. Movado Group (NYSE:MOV)


Movado Group (NYSE:MOV) is the top luxury stock with a Zen Score of 49, which is 21 points higher than the luxury industry average of 28. It passed 17 out of 38 due diligence checks and has strong fundamentals. Movado Group has seen its stock lose -16.64% over the past year, underperforming other luxury stocks by -18 percentage points.

Movado Group has an average 1 year price target of $41.00, an upside of 42.31% from Movado Group's current stock price of $28.81.

Movado Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Movado Group, 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. Envela (NYSEMKT:ELA)


Envela (NYSEMKT:ELA) is the second best luxury stock with a Zen Score of 47, which is 19 points higher than the luxury industry average of 28. It passed 15 out of 33 due diligence checks and has strong fundamentals. Envela has seen its stock lose -40.78% over the past year, underperforming other luxury stocks by -42 percentage points.

3. Brilliant Earth Group (NASDAQ:BRLT)


Brilliant Earth Group (NASDAQ:BRLT) is the third best luxury stock with a Zen Score of 43, which is 15 points higher than the luxury industry average of 28. It passed 14 out of 33 due diligence checks and has strong fundamentals. Brilliant Earth Group has seen its stock lose -45.8% over the past year, underperforming other luxury stocks by -47 percentage points.

Brilliant Earth Group has an average 1 year price target of $3.70, an upside of 36.53% from Brilliant Earth Group's current stock price of $2.71.

Brilliant Earth Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Brilliant Earth Group, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% 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 8.33%, which is 4 percentage points higher than the luxury industry average of 4%. Movado Group's dividend payout is not stable, having dropped more than 10% two 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 93.4% indicates that its high dividend yield might not be sustainable for the long-term.

2. Tapestry (NYSE:TPR)


Tapestry (NYSE:TPR) has an annual dividend yield of 2.75%, which is -1 percentage points lower than the luxury industry average of 4%. Tapestry's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Tapestry's dividend has shown consistent growth over the last 10 years.

Tapestry's dividend payout ratio of 32.3% 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 0.91%, which is -3 percentage points lower than the luxury industry average of 4%. 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 9.6% indicates that its dividend yield is sustainable for the long-term.

Why are luxury stocks up?

Luxury stocks were up 0.11% in the last day, and down -1.9% over the last week. Therealreal was the among the top gainers in the luxury goods industry, gaining 55.93% yesterday.

The RealReal shares are trading higher after the company reported better-than-expected Q4 financial results and issued Q1 and FY24 revenue guidance.

What are the most undervalued luxury stocks?

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

1. Envela (NYSEMKT:ELA)


Envela (NYSEMKT:ELA) is the most undervalued luxury stock based on WallStreetZen's Valuation Score. Envela has a valuation score of 71, which is 43 points higher than the luxury industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Envela's stock has dropped -40.78% in the past year. It has underperformed other stocks in the luxury industry by -42 percentage points.

2. Movado Group (NYSE:MOV)


Movado Group (NYSE:MOV) is the second most undervalued luxury stock based on WallStreetZen's Valuation Score. Movado Group has a valuation score of 71, which is 43 points higher than the luxury industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Movado Group's stock has dropped -16.64% in the past year. It has underperformed other stocks in the luxury industry by -18 percentage points.

3. Capri Holdings (NYSE:CPRI)


Capri Holdings (NYSE:CPRI) is the third most undervalued luxury stock based on WallStreetZen's Valuation Score. Capri Holdings has a valuation score of 57, which is 29 points higher than the luxury industry average of 28. It passed 4 out of 7 valuation due diligence checks.

Capri Holdings's stock has dropped -7.02% in the past year. It has underperformed other stocks in the luxury industry by -8 percentage points.

Are luxury stocks a good buy now?

42.86% of luxury stocks rated by analysts are a buy right now. On average, analysts expect luxury stocks to rise by 14.53% 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 13.82x.
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