2024-07-28 23:44:18 ET
Summary
- Despite a challenging luxury market, Hermès reported sustained revenue growth, saw expanded profits and robust margins in H1 2024.
- The company's market multiples have also improved over the past year, even as its prices have risen over this time. It's long-term dividend yield on cost is notable, too.
- There are risks arising from the continued market softening, and the possibility for short-term price drops. But these would make good times to buy it for the longer term.
Since I last wrote about the French fashion house Hermès ( OTCPK:HESAY ) ( OTCPK:HESAF ) over a year ago, its price is up by 7.6%. Underwhelming, right? Wrong. The luxury market slowdown has taken quite the toll on the sector’s stocks. The biggest luxury company, LVMH ( OTCPK:LVMUY ), for example, has seen a 23% price decline during this time, by comparison....
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Hermes Stock: 5 Reasons To Buy (Rating Upgrade)