Lanvin Group (NYSE:LANV) Stock Jumps 5.6% – Still a Buy?

Lanvin Group Holdings Limited (NYSE:LANV) shares rose 5.6% during mid-day trading on Thursday. The company traded as high as $0.9590 and last traded at $0.9290. Approximately 33,205 shares were traded during trading, an increase of 37% from the average session volume of 24,207 shares. The stock had previously closed at $0.88.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Lanvin Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Lanvin Group Trading Up 1.2%

The business has a 50-day simple moving average of $1.06 and a 200-day simple moving average of $1.35.

Lanvin Group (NYSE:LANV) last announced its earnings results on Wednesday, August 26th. The company reported ($0.29) earnings per share (EPS) for the quarter. The firm had revenue of $57.52 million for the quarter.

Lanvin Group Company Profile

Lanvin Group (NYSE: LANV) is a global luxury fashion group headquartered in Shanghai, China. The company develops and manages a portfolio of luxury brands, combining brand heritage with product development, retail operations, wholesale distribution and digital commerce.

Its portfolio includes Lanvin, the historic French fashion house founded in 1889, as well as Wolford, Sergio Rossi, St. John Knits and Caruso. These brands offer products such as ready-to-wear clothing, footwear, leather goods, accessories, lingerie and other luxury fashion items.

Lanvin Group serves customers internationally through a combination of directly operated stores, department stores, specialty retailers, e-commerce platforms and other distribution partners.