LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY – Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 307,300 shares, a growth of 35.0% from the March 31st total of 227,700 shares. Based on an average daily volume of 302,200 shares, the short-interest ratio is currently 1.0 days.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on LVMUY. HSBC downgraded LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Barclays raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, LVMH Moët Hennessy – Louis Vuitton, Société Européenne presently has an average rating of “Hold”.
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LVMH Moët Hennessy – Louis Vuitton, Société Européenne Stock Performance
LVMH Moët Hennessy – Louis Vuitton, Société Européenne Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 10th. Shareholders of record on Monday, April 22nd will be issued a $1.6107 dividend. The ex-dividend date is Friday, April 19th. This is a boost from LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s previous dividend of $1.20.
LVMH Moët Hennessy – Louis Vuitton, Société Européenne Company Profile
LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.
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