Lanvin Group (LANV, Financial) experienced a significant stock downturn with a drop of 8.28%. The stock is currently priced at $1.44 per share with a trading volume of 4,216 shares. The company's recent financial report shows revenue of $185 million, a net loss of $61.95 million, and earnings per share at -$0.53. The gross profit reported was $106 million, with a negative price-to-earnings ratio of 1.36.
Analyst ratings for Lanvin Group are cautious, with the sole participating institution advising a hold on the stock. No recommendations were made for buy or sell actions.
The luxury goods sector, where Lanvin operates, saw an overall decline of 2.82%. In contrast, stocks like Birks Group Inc., Envela Corporation, and Poas Group saw significant gains. Stocks with notable activity included Capri Holdings Limited, The RealReal, Inc., and Tapestry, Inc. with turnover rates of 2.25%, 1.40%, and 1.04%, respectively. Stocks with significant volatility were Brilliant Earth Group, Inc., Lanvin Group, and Poas Group with respective swings of 9.89%, 8.28%, and 7.75%.
Lanvin Group Holdings Ltd offers a range of products from clothing to leather goods and accessories, primarily operating through brands like Lanvin, Wolford, Sergio Rossi, St. John, and Caruso. The Wolford division contributes the most to its revenue.
