Hermès Shares Drop 2.32% to €1,622.50, Down -33.86% Over One Year

Luxury Sector Leads the Decline in Paris

The saddler is falling within a heavily penalized luxury segment. LVMH is down 3.59%, Christian Dior 3.41%, and Kering 1.55%. The sector is suffering from the diplomatic deadlock between Washington and Tehran, keeping Brent crude above $103 (+2.24%). In China, the world's leading luxury market, producer prices jumped 2.8% year-over-year in April, their highest increase since July 2022. Hermès now shows a three-month decline of -23.61% and -33.86% over one year. Recall that the group posted a quarterly revenue of €4.1 billion on April 15, marked by organic growth of 6% at constant exchange rates but a negative currency effect of €290 million, triggering a drop of more than 10% during the session. The sector context remains mixed: Swiss watch exports to China increased by 4.2% year-over-year, but Chinese retail only grew by 1.7% in March.

Below All Moving Averages, Support at €1,588 in Sight

The price is moving below all its moving averages: it is 2.86% below the MA20 (€1,670.31), 7.45% below the MA50 (€1,753.03), and more than 20% below the MA200 (€2,029.29). This configuration confirms the worsening trend that began since the first quarter's publication. The RSI at 47 remains neutral and does not send a signal of exhaustion. In the Bollinger Bands, the price is in the lower part at 29% of the range, close to the lower boundary (€1,556.21). The technical support at €1,588 is now about 2% from the current price. In terms of valuation, the stock is trading at 36 times the expected earnings for the current fiscal year according to the consensus of 21 analysts, compared to a sector average for 'Consumer Discretionary' of 14.5 times. The next key date on the financial calendar is the publication of the first half 2026 results, expected on July 29, 2026.