|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||670.00 - 685.80|
|52-week range||364.50 - 698.90|
|Beta (5Y monthly)||0.96|
|PE ratio (TTM)||73.45|
|Earnings date||26 Jul 2021|
|Forward dividend & yield||6.00 (0.89%)|
|Ex-dividend date||20 Apr 2021|
|1y target est||319.92|
LVMH's shares eged higher on Tuesday after the world's biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton. LVMH shares were up 0.3% in early session trading. "We are encouraged by Louis Vuitton and Dior's exceptional brand positioning across regions and sustained local luxury consumer demand," wrote brokerage Cowen & Company, which kept an 'outperform' rating on LVMH shares.
PARIS (Reuters) -Surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton powered LVMH's revenues in the second quarter as coronavirus restrictions eased around the world and the luxury goods group edged out some rivals to raise its market share. The luxury goods industry is recovering from the health crisis, which shut down global travel and temporarily closed stores. LVMH, the world's biggest luxury goods group, has benefited more than most, using its heft to spend on marketing and social media campaigns when some of its smaller rivals are still struggling to get back on their feet.
Paris, July 26, 2021 LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of 28.7 billion euros in the first half of 2021, up 56% compared to the same period in 2020. Organic revenue growth was 53% compared to 2020 and 11% compared to 2019. This performance reflects accelerated growth in the second quarter of 2021, which saw organic revenue increase by 14% compared to 8% in the first quarter.The first half of this year marks a return to strong growt