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. Movado Group (NYSE:MOV)
Movado Group (NYSE:MOV) is the #1 top luxury stock out of 12 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Movado Group (NYSE:MOV) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: B.
Movado Group (NYSE:MOV) has a Due Diligence Score of 44, which is 14 points higher than the luxury industry average of 30.
MOV passed 15 out of 38 due diligence checks and has strong fundamentals. Movado Group has seen its stock return 98.68% over the past year, overperforming other luxury stocks by 2 percentage points.
Movado Group has an average 1 year
price target of $31.50, an upside of 16.32% from Movado Group's current stock price of $27.08.
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.
2. Tapestry (NYSE:TPR)
Tapestry (NYSE:TPR) 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 Tapestry (NYSE:TPR) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: C.
Tapestry (NYSE:TPR) has a Due Diligence Score of 46, which is 16 points higher than the luxury industry average of 30.
TPR passed 18 out of 38 due diligence checks and has strong fundamentals. Tapestry has seen its stock return 139.69% over the past year, overperforming other luxury stocks by 43 percentage points.
Tapestry has an average 1 year
price target of $148.15, a downside of -1.68% from Tapestry's current stock price of $150.69.
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.
3. Envela (NYSEMKT:ELA)
Envela (NYSEMKT:ELA) 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 Envela (NYSEMKT:ELA) is: Value: C, Growth: C, Momentum: B, Sentiment: C, Safety: C, Financials: B, and AI: C.
Envela (NYSEMKT:ELA) has a Due Diligence Score of 52, which is 22 points higher than the luxury industry average of 30.
ELA passed 17 out of 33 due diligence checks and has strong fundamentals. Envela has seen its stock return 183.86% over the past year, overperforming other luxury stocks by 87 percentage points.
Envela has an average 1 year
price target of $16.50, a downside of -3.28% from Envela's current stock price of $17.06.
Envela stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Envela, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.