Kering: Better Times Could Be Ahead, But Valuations Are Stretched
Source: SeekingAlpha
2026-03-01 06:20:38 ET
When I last checked on Gucci owner Kering (PPRUY)(PPRUF) in January 2025, the stock's prospects were muted at best. However, since then, it's up by 43%, even with a 4.6% YTD drop in price. The stock is hardly alone in this softening, though, with the biggest luxury fashion stocks like Hermès ( HESAY ), LVMH ( LVMUY ), and Richemont ( CFRUY ) seeing pullbacks as well (see chart below)....
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Kering: Better Times Could Be Ahead, But Valuations Are Stretched
Kering ADR
NASDAQ: PPRUY
PPRUY Trading
-0.13% G/L:
$29.775 Last:
52,585 Volume:
$29.41 Open:
