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. Tapestry (NYSE:TPR)
Tapestry (NYSE:TPR) 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 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 36, which is 9 points higher than the luxury industry average of 27.
TPR passed 14 out of 38 due diligence checks and has average fundamentals. Tapestry has seen its stock return 98.06% over the past year, overperforming other luxury stocks by 62 percentage points.
Tapestry has an average 1 year
price target of $124.36, an upside of 21.87% from Tapestry's current stock price of $102.04.
Tapestry stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Tapestry, 57.14% have issued a Strong Buy rating, 28.57% have issued a Buy, 14.29% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Envela (NYSEMKT:ELA)
Envela (NYSEMKT:ELA) 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 Envela (NYSEMKT:ELA) is: Value: C, Growth: C, Momentum: B, Sentiment: A, Safety: C, Financials: B, and AI: C.
Envela (NYSEMKT:ELA) has a Due Diligence Score of 45, which is 18 points higher than the luxury industry average of 27.
ELA passed 14 out of 33 due diligence checks and has strong fundamentals. Envela has seen its stock return 81.48% over the past year, overperforming other luxury stocks by 46 percentage points.
Envela has an average 1 year
price target of $14.00, an upside of 26.47% from Envela's current stock price of $11.07.
Envela stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.
3. Therealreal (NASDAQ:REAL)
The Component Grade breakdown for Therealreal (NASDAQ:REAL) is: Value: D, Growth: A, Momentum: B, Sentiment: A, Safety: C, Financials: C, and AI: B.
Therealreal (NASDAQ:REAL) has a Due Diligence Score of 18, which is -9 points lower than the luxury industry average of 27. Although this number is below the industry average, our proven quant model rates REAL as a "B".
REAL passed 6 out of 33 due diligence checks and has weak fundamentals. Therealreal has seen its stock return 311.7% over the past year, overperforming other luxury stocks by 276 percentage points.
Therealreal has an average 1 year
price target of $13.50, a downside of -12.79% from Therealreal's current stock price of $15.48.
Therealreal stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Therealreal, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.