Lanvin Group (NYSE:LANV) Shares Down 1.5% – What’s Next?

Shares of Lanvin Group Holdings Limited (NYSE:LANV) fell 1.5% on Wednesday . The company traded as low as $1.29 and last traded at $1.34. 19,479 shares changed hands during trading, an increase of 32% from the average session volume of 14,765 shares. The stock had previously closed at $1.36.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Lanvin Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lanvin Group has an average rating of “Sell”.

Lanvin Group Stock Down 1.5%

The business has a fifty day simple moving average of $1.56 and a 200 day simple moving average of $1.62.

Lanvin Group (NYSE:LANV) last announced its earnings results on Friday, May 1st. The company reported ($0.83) earnings per share (EPS) for the quarter. The firm had revenue of $62.47 million for the quarter.

Lanvin Group Company Profile

Lanvin Group (NYSE:LANV) is a global luxury fashion company centered on the heritage French brand Lanvin. The group designs, manufactures and distributes a broad range of upscale apparel, leather goods, footwear, accessories and fragrances. Its product portfolio spans womenswear, menswear and unisex items, complemented by seasonal collections and signature handbag lines.

Founded in 1889 by Jeanne Lanvin in Paris, Lanvin holds the distinction of being one of the oldest continually operating French couture houses.