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Sectors & IndustriesConsumer CyclicalLuxury Goods
Best Luxury Stocks to Buy Now (2024)
Top luxury stocks in 2024 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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
SIG
SIGNET JEWELERS LTD
Bermuda
$4.18B44,503,28694.37%5.63%Net SellingNet Selling
BRLT
BRILLIANT EARTH GROUP INC
United States
$272.05M97,860,44712.32%87.68%Net SellingNet Selling
ELA
ENVELA CORP
United States
$113.83M26,350,4133.97%96.03%Net Buying
CPRI
CAPRI HOLDINGS LTD
United Kingdom
$4.41B116,566,66384.50%8.11%Net Selling
TPR
TAPESTRY INC
United States
$9.29B229,366,15490.58%2.83%Net BuyingNet Buying
MOV
MOVADO GROUP INC
United States
$549.18M22,126,54868.12%5.53%Net SellingNet Selling
MYTE
MYT NETHERLANDS PARENT BV
Germany
$334.18M86,800,0009.85%0.00%
REAL
THEREALREAL INC
United States
$329.78M104,692,41151.75%46.11%Net SellingNet Selling
CTHR
CHARLES & COLVARD LTD
United States
$10.35M30,344,95512.77%56.46%Net BuyingNet Buying
FOSL
FOSSIL GROUP INC
United States
$40.94M52,491,71055.70%40.86%Net SellingNet Selling
LANV
LANVIN GROUP HOLDINGS LTD
China
$200.39M130,971,07074.53%3.82%
JEWL
ADAMAS ONE CORP
United States
$9.80M27,993,9660.78%27.50%
BGI
BIRKS GROUP INC
Canada
$55.07M18,730,9690.22%0.00%
1

Luxury Stocks FAQ

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

According to Zen 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 Zen Score of 53, which is 24 points higher than the luxury industry average of 29. It passed 20 out of 38 due diligence checks and has strong fundamentals. Signet Jewelers has seen its stock return 20.29% over the past year, overperforming other luxury stocks by 26 percentage points.

Signet Jewelers has an average 1 year price target of $120.20, an upside of 27.9% from Signet Jewelers's current stock price of $93.98.

Signet Jewelers stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Signet Jewelers, 60% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Brilliant Earth Group (NASDAQ:BRLT)


Brilliant Earth Group (NASDAQ:BRLT) is the second best luxury stock with a Zen Score of 52, which is 23 points higher than the luxury industry average of 29. It passed 17 out of 33 due diligence checks and has strong fundamentals. Brilliant Earth Group has seen its stock lose -24.25% over the past year, underperforming other luxury stocks by -19 percentage points.

Brilliant Earth Group has an average 1 year price target of $3.50, an upside of 25.9% from Brilliant Earth Group's current stock price of $2.78.

Brilliant Earth Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Brilliant Earth Group, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% 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 third best luxury stock with a Zen Score of 45, which is 16 points higher than the luxury industry average of 29. It passed 14 out of 33 due diligence checks and has strong fundamentals. Envela has seen its stock lose -37.21% over the past year, underperforming other luxury stocks by -32 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 5.64%, which is 2 percentage points higher than the luxury industry average of 3.32%. 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 114.3% 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 3.33%, which is the same as the luxury industry average of 3.32%. 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 32.3% 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 0.98%, which is -2 percentage points lower than the luxury industry average of 3.32%. 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 5.3% indicates that its dividend yield is sustainable for the long-term.

Why are luxury stocks down?

Luxury stocks were down -0.98% in the last day, and down -5.02% 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. 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 71, which is 44 points higher than the luxury industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Signet Jewelers's stock has gained 20.29% in the past year. It has overperformed other stocks in the luxury industry by 26 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 57, which is 30 points higher than the luxury industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Brilliant Earth Group's stock has dropped -24.25% in the past year. It has underperformed other stocks in the luxury industry by -19 percentage points.

3. Capri Holdings (NYSE:CPRI)


Capri Holdings (NYSE:CPRI) is the third most undervalued luxury stock based on WallStreetZen's Valuation Score. Capri Holdings has a valuation score of 57, which is 30 points higher than the luxury industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Capri Holdings's stock has dropped -15.9% in the past year. It has underperformed other stocks in the luxury industry by -10 percentage points.

Are luxury stocks a good buy now?

42.86% of luxury stocks rated by analysts are a buy right now. On average, analysts expect luxury stocks to rise by 33.88% 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 11.17x.
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