9 top luxury stocks to buy in 2024

The best luxury stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

9 popular luxury stocks picks to buy in 2024

We round up a selection of stocks in or related to the luxury goods industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Tiffany-and-Co (TIF)
2. Tata Motors Limited ADR (TTM)
3. LVMH Moët Hennessy Louis Vuitton Société Européenne (MC)
4. Hermes International SCA (RMS)
5. Kering (KER)
6. Estee Lauder Companies (EL)
7. Harley-Davidson (HOG)
8. Inter Parfums (IPAR)
9. Carter’s (CRI)

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The luxury stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering luxury stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

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How to invest in luxury stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like TIF or TTM.
5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into luxury stocks

If you're interested in investing in the luxury goods industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. Tiffany-and-Co (TIF)

Tiffany & Co. , through its subsidiaries, designs, manufactures, and retails jewelry and other items. The company offers jewelry collections, engagement rings, and wedding bands.

Tiffany-and-Co is listed on the NYSE, has a trailing 12-month revenue of around USD3.7 billion and employs 14,100 staff.

• Market capitalization: $16,044,431,360
• P/E ratio: 55.6562
• PEG ratio: 4.8797

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2. Tata Motors Limited ADR (TTM)

Tata Motors Limited designs, develops, manufactures, and sells various automotive vehicles. The company offers passenger cars; sports utility vehicles; intermediate and light commercial vehicles; small, medium, and heavy commercial vehicles; defense vehicles; pickups, wingers, buses, and trucks; and electric vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates comprising axles and transmissions for commercial vehicles; and factory automation equipment, as well as provides information technology and vehicle financing services.

Tata Motors Limited ADR is listed on the NYSE, has a trailing 12-month revenue of around USD$3 trillion and employs 73,608 staff.

• Market capitalization: $19,256,358,912
• PEG ratio: 0

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3. LVMH Moët Hennessy Louis Vuitton Société Européenne (MC)

LVMH Moët Hennessy - Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands. It also provides perfumes and cosmetics under the Stella by Stella Mccartney, Officine Universelle Buly, Guerlain, Acqua di Parma, Parfums Christian Dior, Givenchy Parfums, Perfumes Loewe, Benefit Cosmetics, Make Up For Ever, Kenzo Parfums, Fresh, KVD Beauty, Maison Francis Kurkdjian, Cha Ling, Fenty Beauty by Rihanna, and Olehenriksen brands; watches and jewelry under the Chaumet, Tiffany & Co.

LVMH Moët Hennessy Louis Vuitton Société Européenne stock opened the day at €794.50 after a previous close of €800.50. The latest price was €800.20 (25-minute delay). LVMH Moët Hennessy Louis Vuitton Société Européenne is listed on the PA, has a trailing 12-month revenue of around EUR$86.2 billion and employs 192,287 staff. All prices are listed in Euros.

• Market capitalization: $397,935,935,488
• P/E ratio: 26.2385
• PEG ratio: 2.5793

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4. Hermes International SCA (RMS)

Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods. The company offers leather goods and saddlery, such as bags for men and women, travel articles, small leather goods and accessories, saddles, bridles, and a full range of equestrian products and clothing; ready-to-wear garments for men and women; and accessories, including jewelry, belts, hats, gloves, the Internet of Things products, and shoes. It also provides silk and textiles for men and women; art of living and tableware products; perfumes; and watches.

Hermes International SCA stock opened the day at €2,332.00 after a previous close of €2,355.00. The latest price was €2,353.00 (25-minute delay). Hermes International SCA is listed on the PA, has a trailing 12-month revenue of around EUR€13.4 billion and employs 22,037 staff. All prices are listed in Euros.

• Market capitalization: $242,980,552,704
• P/E ratio: 56.3791
• PEG ratio: 5.365

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5. Kering (KER)

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.

Kering stock opened the day at €319.00 after a previous close of €350.20. The latest price was €326.15 (25-minute delay). Kering is listed on the PA, has a trailing 12-month revenue of around EUR€19.6 billion and employs 48,964 staff. All prices are listed in Euros.

• Market capitalization: $41,740,873,728
• P/E ratio: 13.9664
• PEG ratio: 2.5337

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6. Estee Lauder Companies (EL)

The Estée Lauder Companies Inc. manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

Estee Lauder Companies stock opened the day at $147.26 after a previous close of $148.98. The latest price was $147.36 (25-minute delay). Estee Lauder Companies is listed on the NYSE, has a trailing 12-month revenue of around USD€15.2 billion and employs 44,020 staff.

• Market capitalization: $49,196,892,160
• P/E ratio: 106.1473
• PEG ratio: 1.6004

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7. Harley-Davidson (HOG)

Harley-Davidson, Inc. manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services.

Harley-Davidson stock opened the day at $39.73 after a previous close of $39.74. The latest price was $39.44 (25-minute delay). Harley-Davidson is listed on the NYSE, has a trailing 12-month revenue of around USD$5.8 billion and employs 6,400 staff.

• Market capitalization: $5,117,330,944
• P/E ratio: 7.8111
• PEG ratio: 4.212

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8. Inter Parfums (IPAR)

Inter Parfums, Inc. , together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations.

Inter Parfums stock opened the day at $129.83 after a previous close of $131.11. The latest price was $130.52 (25-minute delay). Inter Parfums is listed on the NASDAQ, has a trailing 12-month revenue of around USD$1.3 billion and employs 607 staff.

• Market capitalization: $3,968,129,024
• P/E ratio: 26.0884
• PEG ratio: 2.73

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9. Carter’s (CRI)

Carter's, Inc. , together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U. S.

Carter’s stock opened the day at $73.90 after a previous close of $73.86. The latest price was $72.64 (25-minute delay). Carter’s is listed on the NYSE, has a trailing 12-month revenue of around USD$2.9 billion and employs 15,230 staff.

• Market capitalization: $2,616,269,824
• P/E ratio: 11.4439
• PEG ratio: 1.81

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Bottom line

While it’s possible to turn a profit investing in luxury stocks, keep in mind that — like any investment — luxury stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the luxury goods industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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