WallStreetZenWallStreetZen

Sectors & IndustriesConsumer CyclicalLuxury Goods
Best Luxury Stocks to Buy Now (2024)
Top luxury stocks in 2024 ranked by overall Due Diligence Score. See the best luxury stocks to buy now, according to analyst forecasts for the luxury goods industry.

Industry: Luxury Goods
OverviewDue Diligence 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
SIG
SIGNET JEWELERS LTD
$3.70B$6.85B$532.50M$481.40M$10.71-6.69%2.21%15.41%N/A
TPR
TAPESTRY INC
$14.52B$6.67B$1.38B$807.60M$3.52-0.03%2.11%-12.00%13.61%2025-02-06
MOV
MOVADO GROUP INC
$471.86M$658.33M$42.10M$23.81M$1.07-4.21%-1.48%-58.37%-15.34%
ELA
ENVELA CORP
$187.69M$168.77M$13.71M$6.47M$0.24-8.88%18.11%-44.19%21.67%
MYTE
MYT NETHERLANDS PARENT BV
$607.09M$909.34M-$21.16M-$38.91M-$0.4514.81%N/AN/AN/A
CTHR
CHARLES & COLVARD LTD
$4.76M$23.68M-$17.53M-$18.29M-$5.90-29.69%-5.26%N/AN/A2025-02-11
REAL
THEREALREAL INC
$1.02B$579.86M-$21.08M-$87.44M-$0.822.52%14.65%N/AN/A
BRLT
BRILLIANT EARTH GROUP INC
$200.06M$426.98M$15.32M$426.00k$0.03-3.32%N/A-70.00%N/A
BGI
BIRKS GROUP INC
$30.90M$177.58M$9.68M-$6.23M-$0.324.01%1.16%N/AN/A
FOSL
FOSSIL GROUP INC
$102.66M$1.22B-$16.44M-$123.35M-$2.32-17.87%-11.80%N/AN/A
LANV
LANVIN GROUP HOLDINGS LTD
$213.52M$420.46M-$56.54M-$135.85M-$1.09-13.96%N/AN/AN/A
CPRI
CAPRI HOLDINGS LTD
$2.56B$4.80B-$283.00M-$357.00M-$3.05-10.64%-2.95%N/AN/A2025-02-05
1

Luxury Stocks FAQ

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

According to Due Diligence 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 Due Diligence Score of 50, which is 27 points higher than the luxury industry average of 23. It passed 18 out of 38 due diligence checks and has strong fundamentals. Signet Jewelers has seen its stock lose -13.19% over the past year, underperforming other luxury stocks by -9 percentage points.

Signet Jewelers has an average 1 year price target of $108.25, an upside of 27.34% from Signet Jewelers's current stock price of $85.01.

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. Tapestry (NYSE:TPR)


Tapestry (NYSE:TPR) is the second best luxury stock with a Due Diligence Score of 41, which is 18 points higher than the luxury industry average of 23. It passed 15 out of 38 due diligence checks and has strong fundamentals. Tapestry has seen its stock return 84.21% over the past year, overperforming other luxury stocks by 89 percentage points.

Tapestry has an average 1 year price target of $60.27, a downside of -3.26% from Tapestry's current stock price of $62.30.

Tapestry stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Tapestry, 46.67% have issued a Strong Buy rating, 26.67% have issued a Buy, 26.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Movado Group (NYSE:MOV)


Movado Group (NYSE:MOV) is the third best luxury stock with a Due Diligence Score of 32, which is 9 points higher than the luxury industry average of 23. It passed 10 out of 38 due diligence checks and has average fundamentals. Movado Group has seen its stock lose -23.18% over the past year, underperforming other luxury stocks by -19 percentage points.

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 4.93%, which is 2 percentage points higher than the luxury industry average of 2.64%. 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 130.8% 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 1.69%, which is -1 percentage points lower than the luxury industry average of 2.64%. 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 39.8% 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 1.29%, which is -1 percentage points lower than the luxury industry average of 2.64%. 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 10.3% indicates that its dividend yield is sustainable for the long-term.

Why are luxury stocks up?

Luxury stocks were up 0.87% in the last day, and down -5.02% over the last week. Charles & Colvard was the among the top gainers in the luxury goods industry, gaining 33.05% yesterday.

Charles & Colvard shares are trading higher after the company announced it received an interim award in Wolfspeed arbitration which led to reduced damages.

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 43, which is 28 points higher than the luxury industry average of 15. It passed 3 out of 7 valuation due diligence checks.

Signet Jewelers's stock has dropped -13.19% in the past year. It has underperformed other stocks in the luxury industry by -9 percentage points.

2. Brilliant Earth Group (NASDAQ:BRLT)


Brilliant Earth Group (NASDAQ:BRLT) is the second most undervalued luxury stock based on WallStreetZen's Valuation Score. Brilliant Earth Group has a valuation score of 29, which is 14 points higher than the luxury industry average of 15. It passed 2 out of 7 valuation due diligence checks.

Brilliant Earth Group's stock has dropped -37.54% in the past year. It has underperformed other stocks in the luxury industry by -33 percentage points.

3. Movado Group (NYSE:MOV)


Movado Group (NYSE:MOV) is the third most undervalued luxury stock based on WallStreetZen's Valuation Score. Movado Group has a valuation score of 29, which is 14 points higher than the luxury industry average of 15. It passed 2 out of 7 valuation due diligence checks.

Movado Group's stock has dropped -23.18% in the past year. It has underperformed other stocks in the luxury industry by -19 percentage points.

Are luxury stocks a good buy now?

66.67% of luxury stocks rated by analysts are a buy right now. On average, analysts expect luxury stocks to rise by 12.98% 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 11.63x.
©2024 WallStreetZen
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletter
Stock Tools
Top Performing AnalystsStock ScreenerStock ForecastTrending StocksStrong Buy StocksHighest Earnings StocksBest Dividend Paying StocksStatisticsStock Market SectorsStock Market IndustriesHow to Buy Stocks Online
Stock Ideas
Buy The DipBiggest Stock Gainers TodayBiggest Stock Losers Today52 Week High Stocks52 Week Low StocksMost Active Stocks TodayMost Undervalued StocksBest Penny Stocks to Buy NowBest Stocks Under $5Best Stocks Under $10
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.