Stock of the week: “LVMH Moet Hennessy Louis Vuitton SE”
LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations.
New records have been broken in 2022 by the group, with astronomical sales of nearly EUR 80 billion.
Indeed, the luxury giant, which owns the brands Louis Vuitton, Dior, Tiffany or Moët & Chandon, among others, has seen its sales jump by 23% in 2022, almost EUR 15 billion more than the previous year.
On April 28, the Tiffany store on New York's 5th Avenue, considered the largest luxury store in the world, will open its doors, which further demonstrates the interest in luxury brands today.
Financial social media sentiment tends to be “positive” in both absolute and relative terms, on its own and when compared to the social media sentiment of the sector and stock index.
Analyst consensus is to "buy" the stock - out of the 29 bank analysts covering the company, 25 recommend buying the stock, 3 suggest holding it, and 1 suggest selling it. The median upside potential of the stock price these analysts expect over the next 6-12 months is currently 5.46% (reference close of business 03/04/2023).
Attention buzz is currently “average”.
Sources:
https://www.tdg.ch/les-ventes-de-lvmh-ont-atteint-de-nouveaux-records-974232454098
https://umushroom.com/en/equity/lvmh
