NYKREDIT MARKETS Maintains LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMHF) Buy Recommendation

On Dec. 5, 2025 NYKREDIT MARKETS reiterated a Buy on LVMH with an average one‑year analyst target of $751.35 (range $511–$1,008), implying a 5.65% downside from the Dec. 6 close of $796.34; firm projections show revenue of 93,904MM (+13.39% year/year) and non‑GAAP EPS of 35.49. Institutional ownership is mixed: 677 funds hold LVMH (down 88 owners, -11.5% QoQ), total institutional shares fell 5.64% to 36,294K and average portfolio weight rose to 0.71% (+8.67%), while large passive holders (Vanguard, iShares ETFs, Fidelity) modestly trimmed allocations and First Eagle materially increased its stake — signaling solid fundamental forecasts but uneven fund sentiment and potential positioning adjustments ahead.

Analysis

NYKREDIT MARKETS reiterated a Buy on LVMH on December 5, 2025 while the consensus one-year analyst price target as of December 6 is $751.35 (range $511–$1,008), implying a 5.65% downside from the $796.34 close; the wide target range signals significant analyst dispersion about near-term valuation. Company-level projections in the report show projected annual revenue of 93,904MM (up 13.39% year-over-year) and projected non-GAAP EPS of 35.49, indicating analysts expect continued top-line growth and strong earnings power. Institutional positioning is mixed: 677 funds hold LVMH (down 88 owners or 11.5% QoQ), total institutional shares fell 5.64% to 36,294K, yet average portfolio weight rose 8.67% to 0.71%, consistent with consolidation of exposure among remaining holders. Passive and large index holders (Vanguard, iShares, Fidelity) modestly trimmed allocations while First Eagle materially increased its stake, suggesting rebalancing-driven selling and selective active accumulation; given the modest market-impact signal and proximity of price to consensus target, downside risk from positioning shifts and target convergence is the principal near-term risk.

Key Decisions for Investors

• Existing shareholders should consider holding or modestly trimming positions given the consensus target implies ~5.6% downside from the Dec. 6 close,
• New capital should be deployed selectively—prefer entering on a pullback toward the consensus target or nearer the low end of the analyst range rather than at current levels,
• Monitor upcoming quarterly results against the projected revenue of 93,904MM and non-GAAP EPS of 35.49 and track quarterly 13F and ETF flows for continued institutional trimming or active accumulation,
• If short-term downside is a concern, consider hedging downside exposure or reducing position size until analyst targets and fund positioning show clearer direction