Which luxury stocks lose $30 billion in one day on demand fears?
LVMH, Hermes Lead Slump as Europe Luxury Stocks Take $30 Billion Hit - Bloomberg.
Shares of luxury behemoth LVMH fell to their lowest level of the year on Wednesday after financial results disappointed. The company said revenue growth was normalizing following a Covid pandemic boom and flagged a "uncertain economic and geopolitical environment."
Following a bumper few years in the wake of the pandemic, luxury goods companies are now contending with weaker demand in one of their biggest markets: China. Consumer sentiment in the world's second biggest economy has soured due to a protracted property market slump and related slowdown.
In 1989, Mr. Arnault became the majority shareholder of LVMH Moët Hennessy – Louis Vuitton, creating the world's leading luxury products group. Mr. Arnault has been Chairman and CEO of the company since that date.
Stocks with frequent changes in managements will likely have the most price movement.
| Volume | 198.7K |
|---|---|
| P/E Ratio (TTM) | 27.31 |
| Dividend Yield | 1.14% |
| Latest Dividend | $1.18 |
| Ex-Dividend Date | Nov 30, 2023 |
Bernard Arnault is Chairman and CEO of LVMH and Chairman of Christian Dior SE. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $13.1 billion buyout. At the end of 2017, the only declared major shareholder in LVMH was the Arnault Family Group, the holding company of Bernard Arnault.
Valuation metrics show that LVMH-Moet Hennessy Louis Vuitton SA may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of LVMUY, demonstrate its potential to underperform the market. It currently has a Growth Score of B.
Based on 16 Wall Street analysts offering 12 month price targets for LVMH Moet Hennessy Louis Vuitton in the last 3 months. The average price target is €844.13 with a high forecast of €1,000.00 and a low forecast of €710.00. The average price target represents a 2.13% change from the last price of €826.51.
| Name | Ticker | Industry |
|---|---|---|
| LVMH | LVMHF | Luxury Goods & Apparel |
| Kering | KER | Luxury Goods & Apparel |
| Burberry | BRBY | Luxury Goods & Apparel |
| Tapestry | TPR | Luxury Goods & Apparel |
Who actually makes Louis Vuitton bags?
The Louis Vuitton leather goods collections are exclusively produced in our workshops located in France, Spain, Italy and the United States. Manufacturing our footwear and Ready-to-Wear collections takes place in France and Italy. Our watches are exclusively made in timepiece workshops in Switzerland.
LVMH competitors include CHANEL, Calvin Klein, Richemont, BCBG and Burberry. LVMH ranks 1st in CEO Score on Comparably vs its competitors. See below how LVMH compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
Louis Vuitton, Bulgari, Dior, Fendi, Givenchy, Guerlain, Kenzo, Marc Jacobs, Tiffany & Co, Moët & Chandon, Veuve Clicquot, Krug, Dom Pérignon, Maison Ruinart, Le Bon Marché or Séphora... Are you familiar with any of these brands? Of course, you do.
- High-yield savings accounts.
- Money market funds.
- Short-term certificates of deposit.
- Series I savings bonds.
- Treasury bills, notes, bonds and TIPS.
- Corporate bonds.
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| Symbol Symbol | Company | % Chg |
|---|---|---|
| ALUR ALUR | Allurion Technologies Inc. | 11.31% |
| LLAP LLAP | Terran Orbital Corp. | 11.21% |
| MKC MKC | McCormick & Co. Inc. | 10.52% |
| IHS IHS | IHS Holding Ltd. | 10.34% |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Ksolves India | 1139.20 |
| 2. | Life Insurance | 901.45 |
| 3. | Remedium Life | 111.70 |
| 4. | Tips Industries | 471.70 |
The LVMH Moët Hennessy Louis Vuitton SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average.
Relative Value. The Relative Value of one LVMUY stock under the Base Case scenario is 149.093 USD. Compared to the current market price of 178.2501 USD, LVMH Moet Hennessy Louis Vuitton SE is Overvalued by 16%.
The LVMH founder is the richest man in the world. Bernard Arnault is the world's richest man. He has a net worth of $201 billion, according to Bloomberg. He controls the massive luxury conglomerate LVMH, and his children all hold roles in the business.
| Fashion and leather | Jewelry and watches | Fragrance and cosmetics |
|---|---|---|
| Louis Vuitton | Tiffany & Co. | Acqua di Parma |
| Christian Dior | Chaumet | Guerlain |
| Marc Jacobs | Bulgari | Fenty Beauty by Rihanna |
| Fendi | TAG Heuer | Maison Francis Kurkdjian |
Who are the shareholders of Dior?
| Name | Equities | % |
|---|---|---|
| Arnault Family 97.50 % | 175,997,947 | 97.50 % |
| Gartmore Investment Ltd. 0.2851 % | 514,594 | 0.2851 % |
| Groupama Assurances Mutuelles SA (Investment Portfolio) 0.2501 % | 451,497 | 0.2501 % |
| Groupe des Assurances du Crédit Mutuel SA 0.1837 % | 331,556 | 0.1837 % |
Bernard Arnault, the billionaire chairman and CEO of global luxury goods company LVMH, that includes brands like Louis Vuitton, is now the richest man in the world, overtaking Elon Musk. According to Forbes magazine, Arnault and his family's net worth soared to $207.8 billion after a $23.6 billion increase on Friday.
LVMH, the world's biggest luxury group and owner of brands including Louis Vuitton, Christian Dior, Hennessy and Tiffany & Co, posted a 10% rise in fourth-quarter sales over the end-of-year trading period, reassuring investors who had grown skittish about the industry's prospects following its previous update in ...
2.2 Weaknesses
Despite the fact that some LVMH brands are costly, their operating costs are also exceptionally high. In addition, the group's income may be affected by the exorbitant prices of its luxury goods and its very low manufacturing efficiency.
Wall Street analysts forecast LVMHF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LVMHF is 955.507 USD with a low forecast of 764.073 USD and a high forecast of 1 142.925 USD.
