Hermès Shares the Worst Performer in CAC 40, Down Nearly 2%
The couturier from Faubourg Saint-Honoré experiences the worst performance of the Parisian index at mid-session. The stock is giving back some of the gains from the rebound that began last week, in a stagnant luxury sector.
Hermès International Shares Drop
Hermès International shares are down 1.98% at €1,632.50 midday, while the CAC 40 is down just 0.23%. The stock marks the steepest decline in the index, ahead of Capgemini (-1.53%) and Dassault Systèmes (-1.52%). The Parisian luxury sector lacks vigor but does not fall in the wake of the saddler: LVMH is down 0.35%, Kering declines by 0.59%, while Christian Dior remains near equilibrium (+0.09%). This movement contrasts with the rebound of more than 2% recorded last week, already commented on in a brief published on June 4. Over three months, the decline reaches 14.26%, and nearly 30% over one year. The Chinese context remains a point of vigilance for the sector, with jewelry sales in China down 21.3% year-on-year in April according to data from the National Bureau of Statistics.
The Stock Falls Below Its MM50 and Flirts with the €1,609 Zone
At €1,632.50, the price remains slightly above the 20-day moving average (€1,609.53, +1.43%) but falls below the MM50 at €1,642.95 (-0.64%). The gap to the MM200 remains significant, at more than 17% below €1,969.64, reflecting the deterioration of the underlying trend over the past year. The RSI at 57 indicates neither overbought nor oversold conditions, consistent with a consolidation after the weekly rebound. The support at €1,564 remains the identified lower boundary, already tested in May when the price briefly dipped to €1,571.50 before recovering. Based on the expected earnings per share, the stock is trading at about 36.6 times the earnings for the current fiscal year according to the consensus of surveyed analysts. During the annual results announcement on February 11, 2026, the group reiterated an ambitious target for medium-term constant-rate revenue growth.
