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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 ScorePriceValuationFinancialsForecastEarnings & Revenue
DividendsOwnershipTechnicals
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
MOV
MOVADO GROUP INC
$724.49M$763.60M$142.36M$103.18M$4.548.35%6.80%16.41%34.28%2023-03-23
SIG
SIGNET JEWELERS LTD
$3.33B$7.84B$629.20M$342.20M$7.340.21%4.63%-47.61%-1.00%
CTHR
CHARLES & COLVARD LTD
$30.83M$36.80M-$1.33M-$1.55M-$0.05-14.82%6.36%N/AN/A2023-05-03
BRLT
BRILLIANT EARTH GROUP INC
$354.29M$442.16M$12.29M$2.89MN/A27.46%N/AN/AN/A2023-05-11
TPR
TAPESTRY INC
$9.59B$6.59B$1.26B$836.70M$3.431.28%4.85%13.20%24.65%2023-05-10
MYTE
MYT NETHERLANDS PARENT BV
$551.64M$763.80M$13.08M-$7.46M-$0.09-1.12%N/AN/AN/A2023-05-08
FOSL
FOSSIL GROUP INC
$165.37M$1.68B$99.09M-$44.16M-$0.85-10.03%-9.61%N/AN/A2023-05-09
BGI
BIRKS GROUP INC
$153.22M$176.77M$7.17M-$1.70M-$0.093.58%1.61%N/AN/A
JEWL
ADAMAS ONE CORP
$15.31MN/AN/AN/AN/AN/AN/AN/AN/A
1

Luxury Stocks FAQ

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

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 52, which is 22 points higher than the luxury industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Movado Group has seen its stock lose -9.14% over the past year, overperforming other luxury stocks by 4 percentage points.

Movado Group has an average 1 year price target of $43.00, an upside of 31.94% from Movado Group's current stock price of $32.59.

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.

2. Signet Jewelers (NYSE:SIG)


Signet Jewelers (NYSE:SIG) is the second best luxury stock with a Zen Score of 44, which is 14 points higher than the luxury industry average of 30. It passed 16 out of 38 due diligence checks and has strong fundamentals. Signet Jewelers has seen its stock lose -10.27% over the past year, overperforming other luxury stocks by 3 percentage points.

Signet Jewelers has an average 1 year price target of $86.00, an upside of 16.74% from Signet Jewelers's current stock price of $73.67.

Signet Jewelers stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Signet Jewelers, 40% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Brilliant Earth Group (NASDAQ:BRLT)


Brilliant Earth Group (NASDAQ:BRLT) is the third best luxury stock with a Zen Score of 35, which is 5 points higher than the luxury industry average of 30. It passed 12 out of 33 due diligence checks and has average fundamentals. Brilliant Earth Group has seen its stock lose -63.98% over the past year, underperforming other luxury stocks by -51 percentage points.

Brilliant Earth Group has an average 1 year price target of $7.28, an upside of 96.17% from Brilliant Earth Group's current stock price of $3.71.

Brilliant Earth Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Brilliant Earth Group, 22.22% have issued a Strong Buy rating, 44.44% have issued a Buy, 33.33% 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 4.3%, which is 2 percentage points higher than the luxury industry average of 2.74%. 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 28.6% indicates that its dividend yield is sustainable for the long-term.

2. Tapestry (NYSE:TPR)


Tapestry (NYSE:TPR) has an annual dividend yield of 2.83%, which is the same as the luxury industry average of 2.74%. 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 32.1% 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 1.09%, which is -2 percentage points lower than the luxury industry average of 2.74%. 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 down?

Luxury stocks were down -0.5% in the last day, and up 1.76% 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. 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 57, which is 30 points higher than the luxury industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Movado Group's stock has dropped -9.14% in the past year. It has overperformed other stocks in the luxury industry by 4 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 30 points higher than the luxury industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Signet Jewelers's stock has dropped -10.27% in the past year. It has overperformed other stocks in the luxury industry by 3 percentage points.

3. Charles & Colvard (NASDAQ:CTHR)


Charles & Colvard (NASDAQ:CTHR) is the third most undervalued luxury stock based on WallStreetZen's Valuation Score. Charles & Colvard has a valuation score of 43, which is 16 points higher than the luxury industry average of 27. It passed 3 out of 7 valuation due diligence checks.

Charles & Colvard's stock has dropped -43.58% in the past year. It has underperformed other stocks in the luxury industry by -30 percentage points.

Are luxury stocks a good buy now?

57.14% of luxury stocks rated by analysts are a buy right now. On average, analysts expect luxury stocks to rise by 24.58% 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 6.45x.
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