Kering SA $ 68.93 -0.72 (-1.03%)
Kering SA News and Headlines -
Investors in luxury bag makers Louis Vuitton (OTCPK:LVMUY) and Hermes (OTCPK:HESAY) could not have cared less that the stock market was in disarray this summer as the U.S.-China tariff trade war escalated, because both of the stocks' prices reached all-time highs. Gucci owner Kering (OTCPK:PPRUY), meanwhile, has recently become less appreciated.
Louis Vuitton handily beat market expectations for its recent quarter, while Hermes just notched its highest revenue growth in the past four years. Kering missed estimates but still delivered a healthy 12.7% comparable salesÂ increase for its recent quarter.
The largest of the group, Louis Vuitton — now valued
Managing a portfolio of 53 holdings, the fund invests in companies with strong balance sheets and earnings performance, a strong outlook for sales growth, a history of high profitability and good management. Securities in the technology and consumer cyclical sectors compose a majority of the portfolio with a combined weight of 62.1%. According to GuruFocus data, the fund returned -1.43% in 2016, underperforming the S&P 500’s return of 11.96%.
Segalas established positions in PayPal Holdings Inc. (PYPL), AbbVie Inc.
David Herro is a renowned value investor who is the chief investment officer of international equity at Harris Associates. He co-manages the Oakmarks International Fund (OAKIX) (which is closed to new investors), the Oakmarks International Small Cap Fund (OAKEX) and the Oakmarks Global Select Fund (OAKWY). All of the Oakmark funds have outperformed their respective benchmarks since the bottom of the financial crisis in 2009. In 2010, MorningStar named David Herro one of its fund managers of the decade. While David Herro was a guest host on Bloomberg Surveillance in September, he shared his three-fold formula for identifying value in
In this article, let's take a look at Nike, Inc. (NKE), a $68.85 billion market cap company, which is the world's leading designer and marketer of high-quality athletic footwear, athletic apparel and accessories.
Widely Recognized Brand
Nike is one of the world's most widely recognized brands, which makes it has a significant pricing power. We all know that footwear and apparel are highly competitive businesses, with many producers of athletic-oriented products, but few of them can dominate like Nike does, as an example, the firm gets higher gross margins in footwear than its peers.
Innovation in shoe production
David Herro is a favorite among an exclusive group of international gurus. As the chief investment officer of International Equities for Harris Associates, you would think he had his hands full enough already, but Herro is also the portfolio manager of the Oakmark International Fund, the Oakmark International Small Cap Fund and the Oakmark Global Select Fund. The international guru has 28 years of investing experience under his belt and has been with Harris Associates since 1992.
Herro launched his Oakmark International fund in September 1992 and since then he’s seen strong performances in all market conditions. David
Since its foundation in 1961, Luxottica Group S.P.A. (LUX) has grown to become the world´s largest eyewear company. It designs, manufactures and distributes house and designer lines of middle to premium priced sunglasses, prescription frames, and performance optic products. The firm is also one of the largest vision-care operators through Eyemed. And it´s the second largest lens finisher through its labs and more than 900 on-site labs at its Lenscrafters stores. Its huge sales network includes over 7,000 corporate-owned retail locations around the world and more than 143 wholesale distributors in 130 countries. Luxottica owns numerous famous brands like Ray-Ban,