Below are the three companies in the Apparel, Accessories & Luxury industry with the highest forward price to earnings (P/E) ratioss. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Lululemon Athletica ranks highest with a a forward P/E ratio of 36.43. Following is Under Armour with a a forward P/E ratio of 35.33. Liz Claiborne ranks third highest with a a forward P/E ratio of 33.95.

Vera Bradley follows with a a forward P/E ratio of 25.79, and Movado rounds out the top five with a a forward P/E ratio of 19.37.

SmarTrend recommended that subscribers consider buying shares of Movado on October 10th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $15.00. Since that recommendation, shares of Movado have risen 8.2%. We continue to monitor Movado for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.