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. Signet Jewelers (NYSE:SIG)
The Component Grade breakdown for Signet Jewelers (NYSE:SIG) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: D, Financials: C, and AI: C.
Signet Jewelers (NYSE:SIG) has a Due Diligence Score of 37, which is 10 points higher than the luxury industry average of 27.
SIG passed 14 out of 38 due diligence checks and has average fundamentals. Signet Jewelers has seen its stock return 56.72% over the past year, overperforming other luxury stocks by 9 percentage points.
Signet Jewelers has an average 1 year
price target of $108.14, an upside of 18% from Signet Jewelers's current stock price of $91.65.
Signet Jewelers stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Signet Jewelers, 42.86% have issued a Strong Buy rating, 0% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Movado Group (NYSE:MOV)
Movado Group (NYSE:MOV) is the #2 top luxury stock out of 12 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Movado Group (NYSE:MOV) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Movado Group (NYSE:MOV) has a Due Diligence Score of 49, which is 22 points higher than the luxury industry average of 27.
MOV passed 17 out of 38 due diligence checks and has strong fundamentals. Movado Group has seen its stock return 15.03% over the past year, underperforming other luxury stocks by -32 percentage points.
Movado Group has an average 1 year
price target of $31.50, an upside of 37.61% from Movado Group's current stock price of $22.89.
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.
3. Tapestry (NYSE:TPR)
Tapestry (NYSE:TPR) is the #3 top luxury stock out of 12 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Tapestry (NYSE:TPR) is: Value: C, Growth: B, Momentum: C, Sentiment: C, Safety: C, Financials: A, and AI: C.
Tapestry (NYSE:TPR) has a Due Diligence Score of 38, which is 11 points higher than the luxury industry average of 27.
TPR passed 15 out of 38 due diligence checks and has average fundamentals. Tapestry has seen its stock return 71.17% over the past year, overperforming other luxury stocks by 24 percentage points.
Tapestry has an average 1 year
price target of $134.31, an upside of 5.48% from Tapestry's current stock price of $127.33.
Tapestry stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Tapestry, 53.85% have issued a Strong Buy rating, 30.77% have issued a Buy, 15.38% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.