Typically when writing about Hermès stock, the focus is the goods available to purchase. Can I buy that Birkin 25 in Rose Sakura? Are there pillows to match my blanket? Or how can I complete my Balcon du Guadalquivir table service for 12? These questions face Hermès fans routinely, but even more so when, like now, inventory seems to be at all time lows.
Ever popular with consumers, Hermès’ corporate stock also continues to rise. Of course, its strong financial results based on soaring retail sales favorably impact finances. Reportedly, so far this year, Hermès’ share price rose 90%.
Hermès Sales Continue to Soar in 2021 – Up 31%
Later this month, Hermès adds another financial honor. It becomes part of the Euro STOXX 50, an index of Eurozone stocks designed by STOXX (owned by Deutsche Bank) with a goal of “provid[ing] a blue-chip representation of Supersector leaders in the Eurozone.” In other words, one of the top 50 stocks in Europe.
It is not the first luxury brand in the index. LVMH, a much larger conglomerate, already is included. Richemont, which owns Van Cleef & Arpels, Cartier, Bucellati, and many more, is also joining the list. But, when you consider that Hermès is a single brand company rather than a group, it’s pretty impressive.
So, how does this affect our Hermès collections? Well, it likely doesn’t at all. Just consider it further recognition that Hermès represents luxury and quality.
Read more at Bloomberg and Reuters
Also read: Hermès Birkins and Kellys Weathered the Pandemic Storm in 2020
So, who’s investing in Hermès stock?