Which luxury stocks lose $30 billion in one day on demand fears? (2024)

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.

Why is LVMH stock dropping?

LVMH shares plunge after luxury giant reveals sharp slowdown in sales growth. Shares of LVMH fell as much as 8% Wednesday after the luxury goods conglomerate said revenue growth in the third quarter was much slower than in the first half of the year.

Why luxury stocks are down?

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.

What is the difference between LVMH and Lvmuy?

LVMHF: This is an OTC counter that represents 1 ordinary share in LVMH. Trades in the US OTC markets. LVMUY: This is an OTC counter for LVMH that represents 1/5 share in LVMH. Trades in the US OTC markets.

Should I invest in LVMH?

LVMH Moet Hennessy Louis Vuitton SE's analyst rating consensus is a Moderate Buy. This is based on the ratings of 16 Wall Streets Analysts.

What is the outlook for LVMH in 2024?

The French conglomerate said Tuesday its fashion and leather goods business grew 2 per cent in the first quarter of 2024 on an organic basis to €10.49 billion, “in line with relatively low-bar expectations”, wrote Thomas Chauvet, head of luxury goods at Citi.

What are the risks of investing in LVMH?

Risk Considerations

While LVMH's growth and valuation are attractive, potential investors must weigh the risks involved. The luxury sector is sensitive to economic cycles, and a downturn can significantly impact consumer spending on high-end goods.

Are luxury brands on the decline?

In January, LVMH reported that revenue for its fashion and leather goods category was up 70% in 2022, compared to 2019 – driven largely by Dior and Louis Vuitton. But even this young cohort — which, according to Bain, is expected to represent 80% of global luxury purchases by 2030 — is slowing down.

Is Gucci declining?

The French luxury conglomerate Kering, number two in the global luxury market, just issued a rare warning that first-quarter revenues are expected to decline 10% from last year's $5.5 billion (€5.1 billion) and projects its flagship brand Gucci to be off nearly 20%, down from $2.8 billion (€2.6 billion).

What luxury brand to invest in?

Who is the biggest competitor of LVMH?

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.

Can you buy LVMH stock in USA?

Shares of LVMH are not sold directly on exchanges in the U.S. because it is a foreign company. Investors can invest in LVMH by purchasing ADRs, which are negotiable certificates issued by a U.S. depositary bank representing a specified number of shares—often one share—of a foreign company's stock.

Can you buy Hermes stock in the US?

Yes, it is possible to buy one share of HERMES INTL S A stock. How much does it cost to buy a share of HERMES INTL S A stock?

What does Bernard Arnault invest in?

Is LVMH in debt?

Total debt on the balance sheet as of December 2023 : $42.98 B. According to LVMH's latest financial reports the company's total debt is $42.98 B. A company's total debt is the sum of all current and non-current debts.

What is the 5 year forecast for LVMH stock?

LVMH Moët Hennessy - Louis Vuitton Société Européenne quote is equal to 830.300 USD at 2024-04-14. Based on our forecasts, a long-term increase is expected, the "LVMHF" stock price prognosis for 2029-04-04 is 1309.235 USD. With a 5-year investment, the revenue is expected to be around +57.68%.

What is the stock price prediction for Louis Vuitton?

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 974.67 USD with a low forecast of 832.36 USD and a high forecast of 1 138.58 USD.

How often does LVMH pay dividends?

There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 2.4. Our premium tools have predicted Lvmh Moet Hennessy Louis Vuitton SE with 77% accuracy.

What is LVMH stock price prediction for 2025?

According to the Traders Union long-term price forecast LVMH (MC) can reach €932.87 by 2025, €1,571.94 by 2030, €2,386.32 by 2034.

Where does LVMH make most of their money?

What is the weakness of LVMH?

One of the weakness in the Luis Vuitton brand is the counterfeit imitations of the brand. There are numerous counterfeit products that are made and sold for profit. These sales violate the copyright infringement laws and are taking away from the sales of the original brand.

Why is LVMH so popular?

Louis Vuitton's enduring status as an iconic fashion brand is the result of a combination of factors, including its commitment to quality craftsmanship, its rich heritage and legacy, its iconic design, and its numerous celebrity endorsem*nts.

Which luxury brands are struggling?

But more fashion-oriented brands such as Burberry and Salvatore Ferragamo reported sales declines last quarter. So did Yves Saint Laurent, Bottega Veneta and Gucci, all owned by Paris-listed Kering.

Is Prada in decline?

Several luxury brands saw their sales drop in the second quarter of 2023, The Wall Street Journal reported on Friday. Kering, which owns brands such as Gucci and Balenciaga, saw North American sales plummet a whopping 23 percent. Burberry saw a decrease of 8 percent, while Prada was down 6 percent.

What is the future of luxury in 2024?

Looking ahead at the future of luxury markets, McKinsey forecasts a steady 2-4% growth in the luxury sector in 2024. This positive outlook is driven by rising consumer demand and the industry's quick shift towards digital transformation.