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The luxury market, particularly for Kering's flagship brand Gucci, has faced challenges following a post-Covid resurgence, primarily driven by shifting consumer preferences in China. Analysts note that the brand's recent identity shift towards leather goods and classic fashion fails to resonate with its core audience, leading to a decline in performance. Despite these hurdles, the appointment of a new designer is seen as a potential turning point that could revitalize the brand's appeal. Financially, Kering benefits from a robust balance sheet and significant free cash flow, bolstered by a healthy 5.5% dividend. While the stock currently trades at a forward PE ratio of 17x, analysts see room for growth, suggesting a strong long-term position in the luxury goods sector characterized by stability and oligopolistic dynamics.
Kering is a American stock, trading under the symbol PPRUY-OTC on the US OTC (PPRUY). It is usually referred to as OTC:PPRUY or PPRUY-OTC
In the last year, 1 stock analyst published opinions about PPRUY-OTC. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Kering.
Kering was recommended as a Top Pick by on . Read the latest stock experts ratings for Kering.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Kering In the last year. It is a trending stock that is worth watching.
On 2025-04-23, Kering (PPRUY-OTC) stock closed at a price of $19.03.
The luxury market has been weak after the post-Covid boom. Chinese consumers are a major factor. Plus, their Gucci brand wasn't resonating with consumers. Their designer tried to make the brand more into leather goods and classic fashions, but that isn't what Gucci is about. They have a new designer, so he sees upside. Long-term, he likes luxury goods for being stable and an oligopoly. It trades at 17x PE forward where mid-20s is the norm, so there's room here.
(Analysts’ price target is $22.60)