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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
SIG
SIGNET JEWELERS LTD
$4.42B$99.43$113.4014.05%Buy5-0.85%N/AN/AN/A
ELA
ENVELA CORP
$119.89M$4.55N/AN/AN/AN/AN/AN/AN/AN/A
BRLT
BRILLIANT EARTH GROUP INC
$287.38M$2.96$3.5018.24%Buy24.92%530.00%863.54%38.37%
TPR
TAPESTRY INC
$10.71B$46.68$46.820.30%Buy112.00%1.72%N/AN/A
CPRI
CAPRI HOLDINGS LTD
$5.28B$45.26$57.0025.94%Hold10.85%156.18%N/AN/A
MOV
MOVADO GROUP INC
$611.58M$27.64$41.0048.34%Strong Buy1N/AN/AN/AN/A
MYTE
MYT NETHERLANDS PARENT BV
$273.42M$3.15$4.7550.79%Strong Buy112.04%N/AN/AN/A
CTHR
CHARLES & COLVARD LTD
$10.32M$0.34N/AN/AN/AN/AN/AN/AN/AN/A
REAL
THEREALREAL INC
$402.02M$3.84$3.75-2.34%Hold310.68%N/AN/AN/A
FOSL
FOSSIL GROUP INC
$51.13M$0.97N/AN/AN/AN/AN/AN/AN/AN/A
LANV
LANVIN GROUP HOLDINGS LTD
$183.36M$1.40N/AN/AN/AN/AN/AN/AN/AN/A
JEWL
ADAMAS ONE CORP
$12.04M$0.43N/AN/AN/AN/AN/AN/AN/AN/A
BGI
BIRKS GROUP INC
$55.26M$2.95N/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. Signet Jewelers (NYSE:SIG)


Signet Jewelers (NYSE:SIG) is the top luxury stock with a Zen Score of 53, which is 25 points higher than the luxury industry average of 28. It passed 20 out of 38 due diligence checks and has strong fundamentals. Signet Jewelers has seen its stock return 34.78% over the past year, overperforming other luxury stocks by 27 percentage points.

Signet Jewelers has an average 1 year price target of $113.40, an upside of 14.05% from Signet Jewelers's current stock price of $99.43.

Signet Jewelers stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Signet Jewelers, 60% have issued a Strong Buy rating, 0% have issued a Buy, 40% 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 45, which is 17 points higher than the luxury industry average of 28. It passed 14 out of 33 due diligence checks and has strong fundamentals. Envela has seen its stock lose -29.68% over the past year, underperforming other luxury stocks by -37 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 -16.15% over the past year, underperforming other luxury stocks by -24 percentage points.

Brilliant Earth Group has an average 1 year price target of $3.50, an upside of 18.24% from Brilliant Earth Group's current stock price of $2.96.

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 8.68%, which is 5 percentage points higher than the luxury industry average of 4.17%. 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 114.3% 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 2.89%, which is -1 percentage points lower than the luxury industry average of 4.17%. 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 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 0.93%, which is -3 percentage points lower than the luxury industry average of 4.17%. 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 5.3% indicates that its dividend yield is sustainable for the long-term.

Why are luxury stocks up?

Luxury stocks were up 1.85% in the last day, and up 3.73% over the last week.

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

What are the most undervalued luxury stocks?

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

1. Signet Jewelers (NYSE:SIG)


Signet Jewelers (NYSE:SIG) is the most undervalued luxury stock based on WallStreetZen's Valuation Score. Signet Jewelers has a valuation score of 71, which is 45 points higher than the luxury industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Signet Jewelers's stock has gained 34.78% in the past year. It has overperformed other stocks in the luxury industry by 27 percentage points.

2. Capri Holdings (NYSE:CPRI)


Capri Holdings (NYSE:CPRI) is the second most undervalued luxury stock based on WallStreetZen's Valuation Score. Capri Holdings has a valuation score of 57, which is 31 points higher than the luxury industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Capri Holdings's stock has gained 3.97% in the past year. It has underperformed other stocks in the luxury industry by -3 percentage points.

3. Envela (NYSEMKT:ELA)


Envela (NYSEMKT:ELA) is the third most undervalued luxury stock based on WallStreetZen's Valuation Score. Envela has a valuation score of 57, which is 31 points higher than the luxury industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Envela's stock has dropped -29.68% in the past year. It has underperformed other stocks in the luxury industry by -37 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 18.02% 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 12.84x.
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