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Best Luxury Stocks to Buy Now (2022)
Top luxury stocks in 2022 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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
MOV
MOVADO GROUP INC
$633.87M4.60%25.10%$0.3500$1.3072%2
SIG
SIGNET JEWELERS LTD
$2.46B1.43%9.00%$0.2000$0.7621%12022-10-272022-11-25
TPR
TAPESTRY INC
$6.91B3.67%30.90%$0.3000$1.0562%1
CTHR
CHARLES & COLVARD LTD
$30.18MN/A0.00%N/AN/AN/AN/A
BRLT
BRILLIANT EARTH GROUP INC
$566.41MN/AN/AN/AN/AN/AN/A
FOSL
FOSSIL GROUP INC
$192.80MN/A0.00%N/AN/AN/AN/A
MYTE
MYT NETHERLANDS PARENT BV
$1.01BN/A0.00%N/AN/AN/AN/A
BGI
BIRKS GROUP INC
$98.57MN/A0.00%N/AN/AN/AN/A

Luxury Stocks FAQ

What are the best luxury stocks to buy right now in Sep 2022?

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 57, which is 17 points higher than the luxury industry average of 40. It passed 21 out of 38 due diligence checks and has strong fundamentals. Movado Group has seen its stock lose -18.78% over the past year, overperforming other luxury stocks by 19 percentage points.

Movado Group has an average 1 year price target of $43.00, an upside of 52.05% from Movado Group's current stock price of $28.28.

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 46, which is 6 points higher than the luxury industry average of 40. It passed 17 out of 38 due diligence checks and has strong fundamentals. Signet Jewelers has seen its stock lose -37.16% over the past year, overperforming other luxury stocks by 1 percentage points.

Signet Jewelers has an average 1 year price target of $92.20, an upside of 73.67% from Signet Jewelers's current stock price of $53.09.

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. Tapestry (NYSE:TPR)


Tapestry (NYSE:TPR) is the third best luxury stock with a Zen Score of 45, which is 5 points higher than the luxury industry average of 40. It passed 17 out of 38 due diligence checks and has strong fundamentals. Tapestry has seen its stock lose -28.6% over the past year, overperforming other luxury stocks by 9 percentage points.

Tapestry has an average 1 year price target of $44.33, an upside of 54.85% from Tapestry's current stock price of $28.63.

Tapestry stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Tapestry, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% 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 4.6%, which is 1 percentage points higher than the luxury industry average of 3.23%. 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 25.1% indicates that its dividend yield is sustainable for the long-term.

2. Tapestry (NYSE:TPR)


Tapestry (NYSE:TPR) has an annual dividend yield of 3.67%, which is the same as the luxury industry average of 3.23%. 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 30.9% 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 1.43%, which is -2 percentage points lower than the luxury industry average of 3.23%. 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 9% indicates that its dividend yield is sustainable for the long-term.

Why are luxury stocks down?

Luxury stocks were down -2.22% in the last day, and down -8.49% 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. Charles & Colvard (NASDAQ:CTHR)


Charles & Colvard (NASDAQ:CTHR) is the most undervalued luxury stock based on WallStreetZen's Valuation Score. Charles & Colvard has a valuation score of 71, which is 21 points higher than the luxury industry average of 50. It passed 5 out of 7 valuation due diligence checks.

Charles & Colvard's stock has dropped -67.25% in the past year. It has underperformed other stocks in the luxury industry by -29 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 71, which is 21 points higher than the luxury industry average of 50. It passed 5 out of 7 valuation due diligence checks.

Signet Jewelers's stock has dropped -37.16% in the past year. It has overperformed other stocks in the luxury industry by 1 percentage points.

3. Fossil Group (NASDAQ:FOSL)


Fossil Group (NASDAQ:FOSL) is the third most undervalued luxury stock based on WallStreetZen's Valuation Score. Fossil Group has a valuation score of 71, which is 21 points higher than the luxury industry average of 50. It passed 5 out of 7 valuation due diligence checks.

Fossil Group's stock has dropped -72.36% in the past year. It has underperformed other stocks in the luxury industry by -35 percentage points.

Are luxury stocks a good buy now?

42.86% of luxury stocks rated by analysts are a strong buy right now. On average, analysts expect luxury stocks to rise by 63.23% 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 -3.64x.
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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.