Hermes stock holds near EUR 1,534.50 after a softer week

Published on 09/02/2026 at 11:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hermes stock stays close to EUR 1,534.50 on Tradegate as of September 2, 2026. Analysts still point to an outperform view and an average target price of EUR 1,869.82.

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Hermes stock (FR0000052292) traded at EUR 1,534.50 on Tradegate on September 2, 2026, after a five-day move of -2.90 percent and a year-to-date change of -25.28 percent. MarketScreener still shows a mean consensus of OUTPERFORM and an average target price of EUR 1,869.82.

Trading stays below the spring peak

The latest quote sat below the EUR 1,581.00 close from August 31, 2026 and also under the EUR 1,587.00 level shown by finanzen.net for September 2, 2026. The market capitalization listed there is EUR 167.38 billion, which keeps Hermes among the largest names in European luxury.

That gap matters more than a headline move. A stock that has fallen 25.28 percent since January 1, 2026 can still attract support if valuation and brand strength hold up.

Margins remain the core metric

On the operating side, Les Echos reported on September 1, 2026 that Hermess first-half operating margin held at 41 percent and net cash rose by EUR 2 billion year on year to EUR 12.3 billion. Those two figures frame the company as a cash-rich luxury group even after a slower growth phase.

For investors, the comparison is clear: a 41 percent margin and EUR 12.3 billion in net cash give the group more room than many peers when demand cools.

Go deeper

Hermes stock and the first-half cash buffer

Hermes International remains a luxury reference point because its margin and cash profile still support the valuation discussion.

Hermes coverage Investor Relations

Leather goods still drive the story

The companys product mix remains centered on leather goods, silk, ready-to-wear and accessories, with the Birkin and Kelly lines still defining the brand premium. That mix is why the market keeps watching whether first-half margin strength can offset slower top-line momentum.

Price and valuation watch

Hermes stock closed at EUR 1,534.50 on Tradegate on September 2, 2026, versus an average target price of EUR 1,869.82 from MarketScreener. The spread leaves the shares about 21.9 percent below that consensus level.