LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Shares Gap Down – Here’s Why

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $137.25, but opened at $129.81. LVMH-Moet Hennessy Louis Vuitton shares last traded at $131.15, with a volume of 143,944 shares trading hands.

Analysts Set New Price Targets

Several research firms have issued reports on LVMUY. Berenberg Bank cut shares of LVMH-Moet Hennessy Louis Vuitton from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Zacks Research upgraded LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. UBS Group upgraded LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. DZ Bank upgraded LVMH-Moet Hennessy Louis Vuitton to a “hold” rating in a report on Monday, October 20th. Finally, Morgan Stanley upgraded LVMH-Moet Hennessy Louis Vuitton from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 6th. Four equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Down 5.6%

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 0.72. The business’s 50 day moving average is $146.13 and its 200 day moving average is $131.51.

LVMH-Moet Hennessy Louis Vuitton Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.9983 per share. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 165.0%.

About LVMH-Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE is a French multinational luxury goods conglomerate that designs, produces and sells high-end products across multiple luxury segments. Formed through the 1987 merger of fashion house Louis Vuitton and the wine and spirits group Moët Hennessy, the company is headquartered in Paris and is led by Chairman and Chief Executive Officer Bernard Arnault. LVMH’s organization centers on a portfolio of maisons that operate with a degree of independence under centralized strategic oversight.

The company’s principal activities span fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.