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 +32.52% per year.
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The Component Grade breakdown for Movado Group (NYSE:MOV) is: Value: C, Growth: B, Momentum: B, Sentiment: B, Safety: C, Financials: B, and AI: A.
Movado Group (NYSE:MOV) has a Due Diligence Score of 40, which is 10 points higher than the luxury industry average of 30.
MOV passed 14 out of 38 due diligence checks and has average fundamentals. Movado Group has seen its stock return 54.66% over the past year, overperforming other luxury stocks by 17 percentage points.
Movado Group has an average 1 year
price target of $31.50, an upside of 19.45% from Movado Group's current stock price of $26.37.
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 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 Tapestry (NYSE:TPR) is: Value: C, Growth: B, Momentum: C, Sentiment: A, Safety: C, Financials: A, and AI: B.
Tapestry (NYSE:TPR) has a Due Diligence Score of 48, which is 18 points higher than the luxury industry average of 30.
TPR passed 19 out of 38 due diligence checks and has strong fundamentals. Tapestry has seen its stock return 59.8% over the past year, overperforming other luxury stocks by 22 percentage points.
Tapestry has an average 1 year
price target of $167.36, an upside of 27.15% from Tapestry's current stock price of $131.63.
Tapestry stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Tapestry, 63.64% have issued a Strong Buy rating, 27.27% have issued a Buy, 9.09% 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 #3 top luxury stock out of 12 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: B, Momentum: A, Sentiment: B, Safety: C, Financials: A, and AI: C.
Envela (NYSEMKT:ELA) has a Due Diligence Score of 51, which is 21 points higher than the luxury industry average of 30.
ELA passed 17 out of 33 due diligence checks and has strong fundamentals. Envela has seen its stock return 251.62% over the past year, overperforming other luxury stocks by 214 percentage points.
Envela has an average 1 year
price target of $16.50, a downside of -27.47% from Envela's current stock price of $22.75.
Envela stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts 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.