#So done skin#
#So done free#

The makeup and skin care pick that operates a slew of high-end brands has seen a rough year so far in the market as it plummeted 22%, but analysts think that investors who jump in now could be getting the retailer at a bargain. “We feel the brand shows numerous secular trends that transcend any short duration recession,” Frelinghuysen explained.

#So done free#

He also noted that the company has strong free cash flow and invests growing operating margins back into the business. He cited company’s breadth of offerings, high repurchase rate, and brand loyalty as bellwethers of continued sales growth. The stock currently trades at $292, and shares are up 15% year to date.Įquities portfolio manager Nick Frelinghuysen at Chilton Trust pointed to cosmetics and skin care company L’Oréal as his pick for a luxury stock that could give investors a good run. “When the business turns, this home furnishings and luxury lifestyle brand is well positioned,” Wang said.Ī review of 21 analyst ratings of the stock finds an average rating of overweight. Wang points to the firm’s strong balance sheet and stock buyback program as positive indicators, as well as its international expansion, which could bring in about $20 billion to $25 billion in global revenue long term. According to an assessment of 18 analyst ratings, the firm on average has an overweight ranking and a price target of $57.Īccording to Wang, this high-end furniture retailer is a bargain right now, and has been unfairly punished by falling home sales and renovations. MGM currently trades at $42 per share on the New York Stock Exchange. The company has a market value of $15.62 billion. According to Wang, upcoming events could prove a boon for MGM, which profits from betting on the NFL Draft, the Super Bowl, and Formula 1 racing. This casino holdings company operates casinos and hotels around the world from Las Vegas to Macau, China, and through such divisions as Las Vegas strip resorts, regional operations, and MGM China. As of June 22, the stock is up 8% year to date and trades at $56.

“The company should do well over a multiyear period,” Wang added.Īn assessment of analyst ratings for PPRUY gives the stock an overweight rating. De Sarno is expected to shake up the strategy of the fashion house and is garnering excitement over his first collection coming out in September.

Wang pointed to Gucci as the brand that he sees being particularly key to serving the company well: “The new creative director could be a catalyst as product hits in the fall,” explained Wang. The French company operates luxury fashion and accessory brands including Saint Laurent, Gucci, and Bottega Veneta. As of June 22, year to date, the stock is up 35%. HESAY is a dividend paying stock its last dividend was $1.05 per share paid out to investors in late April of this year. “Wealthy people are still spending money not spending on luxury homes or boats, but fashion remains in high demand,” explained Wang, who recommended the stock. These analyst-approved picks are favorites of wealthy investors:Ī review of analyst ratings of the stock gave its prospects an overweight rating and a price target of $211. For investors, it pays to do your research and pick your entry points,” he said. housing market is slowing from higher mortgage rates, and luxury home sales are seeing the worst of it. He noted that sales of luxury homes, for example, dropped 45% during the three months ended in January 2023, according to Redfin.

“It’s easy to generalize and say anything ‘luxury’ should be better, because if there’s a recession, they tend to be a little bit more recession resistant. Yet Wang also warned that investors should not assume every luxury stock is a worthwhile investment. “ consumers are still buying luxury brands from handbags to apparel to wines and spirits,” he added. “The income inequality that we see, especially post pandemic, has continued to grow, so luxury brands are still performing better than a lot of other retailers as inflation has hurt consumers,” said Andrew Wang, managing partner at Runnymede Capital Management. The stocks of high-end brands are somewhat insulated from economic downturns because those with expendable income stay invested and continue to purchase clothes, accessories, or home decor, for example, from these elite names.