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Sectors & IndustriesConsumer CyclicalLuxury Goods
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
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
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
SIG
SIGNET JEWELERS LTD
$3.43B$76.95$115.5050.10%Buy4-0.19%-9.68%25.19%8.52%
ELA
ENVELA CORP
$137.41M$5.27N/AN/AN/AN/AN/AN/AN/AN/A
MOV
MOVADO GROUP INC
$419.99M$18.90$41.00116.93%Strong Buy1N/AN/AN/AN/A
TPR
TAPESTRY INC
$9.29B$40.36$49.5022.65%Strong Buy62.14%10.59%38.31%8.28%
MYTE
MYT NETHERLANDS PARENT BV
$338.52M$3.90$5.0028.21%Hold115.81%N/A8.60%5.57%
BRLT
BRILLIANT EARTH GROUP INC
$171.07M$1.74$3.0072.41%Buy31.85%N/A153.77%7.94%
REAL
THEREALREAL INC
$247.38M$2.28$3.8468.42%Hold58.98%N/AN/AN/A
CTHR
CHARLES & COLVARD LTD
$4.77M$1.57N/AN/AN/AN/AN/AN/AN/AN/A
BGI
BIRKS GROUP INC
$49.06M$2.56N/AN/AN/AN/AN/AN/AN/AN/A
FOSL
FOSSIL GROUP INC
$56.32M$1.06N/AN/AN/AN/AN/AN/AN/AN/A
LANV
LANVIN GROUP HOLDINGS LTD
$261.04M$1.80N/AN/AN/AN/AN/AN/AN/AN/A
CPRI
CAPRI HOLDINGS LTD
$4.10B$34.77$40.4016.19%Buy5-1.34%N/A20.59%4.91%
1

Luxury Stocks FAQ

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

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 29 points higher than the luxury industry average of 24. It passed 20 out of 38 due diligence checks and has strong fundamentals. Signet Jewelers has seen its stock return 4.79% over the past year, overperforming other luxury stocks by 18 percentage points.

Signet Jewelers has an average 1 year price target of $115.50, an upside of 50.1% from Signet Jewelers's current stock price of $76.95.

Signet Jewelers stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Signet Jewelers, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% 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 38, which is 14 points higher than the luxury industry average of 24. It passed 12 out of 33 due diligence checks and has average fundamentals. Envela has seen its stock return 3.94% over the past year, overperforming other luxury stocks by 17 percentage points.

3. Movado Group (NYSE:MOV)


Movado Group (NYSE:MOV) is the third best luxury stock with a Zen Score of 38, which is 14 points higher than the luxury industry average of 24. It passed 12 out of 38 due diligence checks and has average fundamentals. Movado Group has seen its stock lose -31.12% 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 116.93% from Movado Group's current stock price of $18.90.

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.

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 5.56%, which is 2 percentage points higher than the luxury industry average of 3.17%. 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 64.8% 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 2.6%, which is -1 percentage points lower than the luxury industry average of 3.17%. 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 29.5% 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 1.35%, which is -2 percentage points lower than the luxury industry average of 3.17%. 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 6.8% indicates that its dividend yield is sustainable for the long-term.

Why are luxury stocks down?

Luxury stocks were down -1.49% in the last day, and down -6.76% over the last week.

We couldn't find a catalyst for why luxury stocks are down.

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 29, which is 16 points higher than the luxury industry average of 13. It passed 2 out of 7 valuation due diligence checks.

Envela's stock has gained 3.94% in the past year. It has overperformed other stocks in the luxury industry by 17 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 29, which is 16 points higher than the luxury industry average of 13. It passed 2 out of 7 valuation due diligence checks.

Movado Group's stock has dropped -31.12% in the past year. It has underperformed other stocks in the luxury industry by -18 percentage points.

3. Signet Jewelers (NYSE:SIG)


Signet Jewelers (NYSE:SIG) is the third most undervalued luxury stock based on WallStreetZen's Valuation Score. Signet Jewelers has a valuation score of 29, which is 16 points higher than the luxury industry average of 13. It passed 2 out of 7 valuation due diligence checks.

Signet Jewelers's stock has gained 4.79% in the past year. It has overperformed other stocks in the luxury industry by 18 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 44.35% 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 3.98x.
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