UBS cuts target for Hermès International stock to EUR 1,168
Published on 10/06/2026 at 13:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hermès International (ISIN FR0000052292) stock was trading at EUR 1,286.50 at Lang & Schwarz on October 6, 2026 at 1:35 p.m. CEST, down 0.43 percent versus the prior close of EUR 1,292.00. On October 5, 2026, UBS downgraded Hermès International to Sell from Neutral and cut its 12-month price target to EUR 1,168 from EUR 1,695, according to Yahoo Finance.
UBS targets slower growth
The downgrade puts Hermès' growth premium under direct pressure. UBS forecasts 5.00 percent organic sales growth in 2027 and a 38.30 percent operating margin, down 1.00 percentage point from the prior year, as slower sales reduce scale benefits, according to Yahoo Finance. The numbers point to a shift from scarcity-led expansion toward a more cyclical demand profile.
UBS expects third-quarter 2026 sales of EUR 4.10 billion and 5.00 percent organic growth. The estimate also calls for leather-goods sales to rise 10.00 percent, while watches and beauty sales decline 5.00 percent, making the product mix central to the next report.
Revenue remains a key anchor
Hermès Finance lists EUR 8.16 billion in revenue for the first half of 2026 and 27,107 employees at the end of June 2026, according to the company's investor-relations page at Hermès Finance. That scale gives the company substantial earnings power, but UBS argues that expansion is making demand less insulated from luxury-sector cycles.
The next reported checkpoint is scheduled for October 22, 2026. Hermès Finance says the third-quarter 2026 revenue presentation will begin at 9:00 a.m. Paris time, according to Hermès Finance. That date gives investors a clear test of whether leather goods can offset softer demand in other categories.
Stock stays near yearly low
Hermès stock has a EUR 1,260.00 to EUR 2,300.00 52-week range as of October 6, 2026, while its market capitalization is EUR 134.9 billion. The Lang & Schwarz price of EUR 1,286.50 therefore sits EUR 26.50 above the 52-week low, keeping the valuation debate tied to the pace of future growth rather than the company's current scale.
On Euronext Paris, the primary listing, the stock was last at EUR 1,287.50 on October 6, 2026 at 1:25 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Hermès International stock.
Hermès International market data
- Company: Hermès International S.C.A.
- ISIN: FR0000052292
- Ticker: RMS.PA
- Primary exchange: Euronext Paris
- Price Lang & Schwarz (as of October 6, 2026, 1:35 p.m. CEST): EUR 1,286.50
- Change versus prior close: minus 0.43 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 1,292.00
- Market capitalization: EUR 134.9 billion (as of October 6, 2026)
- 52-week range: EUR 1,260.00-2,300.00 (as of October 6, 2026)
- Sector / Industry: Consumer Cyclical / Luxury Goods
- Index membership: CAC 40
- Next earnings date: October 22, 2026
