|Bid||52.31 x 900|
|Ask||52.45 x 800|
|Day's range||51.76 - 52.85|
|52-week range||21.00 - 61.25|
|Beta (5Y monthly)||2.52|
|PE ratio (TTM)||23.57|
|Earnings date||03 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||71.84|
After half a year or more of growth, luxury stocks such as LVMH Moet Hennessy Louis Vuitton (OTC: LVMHF) and Capri Holdings (NYSE: CPRI) took a hit recently when China cracked down on Macao casinos as part of a wider cultural offensive against westernization. After getting bid down, however, the luxury sector got a boost this week when Moet Hennessy's third-quarter 2021 results came in strong. The positive data that perked up the stock market arguably provides a basis for a bullish outlook -- with a few lingering caveats.
Pauline Brown, Former LVMH Chairman of North America and Author of 'Aesthetic Intelligence’, joins Yahoo Finance to discuss the state of luxury retail, sales growth, and supply chain issues.
Capri Holdings' (CPRI) strengthening of omni-channel solutions, expanding customer reach and focus on brand innovation are likely to yield results.