Rogerio Fujimori, an analyst from Stifel Nicolaus, maintained the Buy rating on Hermes International (HESAF – Research Report). The associated price target remains the same with €2,560.00.
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Rogerio Fujimori has given his Buy rating due to a combination of factors including Hermes International’s exceptional sales growth and solid financial health. The company’s sales growth outperformed expectations in the fourth quarter, with significant gains across key regions like Asia Pacific, Americas, and Europe excluding France. This growth was driven by impressive performances in leather goods, ready-to-wear, and other sectors, showcasing the brand’s strong market presence.
Additionally, Hermes International reported an operating profit that exceeded consensus estimates, and the group’s net cash position increased significantly, providing a robust financial foundation. CEO Axel Dumas expressed optimism for 2025, anticipating support from strategic price increases. While challenges such as high comparison bases and potential currency hedging impacts exist, the company’s overall outlook remains positive, justifying the Buy rating.
In another report released today, UBS also maintained a Buy rating on the stock with a €2,475.00 price target.