Inditex dodges a bullet from LVMH and records all-time highs with a capitalization of $170 billion.
Inditex, the most valuable company on the Ibex 35 index, closed up 1.59% on Wednesday, placing its share at new all-time high at €54.96.after the luxury sector had a difficult day following reports from French company LVMH. In fact, the French firm, which had a turnover of $60.753 million until September, down 2%, lost more than 3% on the Paris market, reaching a price of 602.4 euros, and infected others in the sector, such as Kering. (-0.82%), Dior (-2.97%) and Hermès (-1.34%).
Back in Spain, textile giant Inditex concluded this Wednesday negotiations with unprecedented market capitalization of 171.3 billion euros. In addition, it is worth noting that Inditex’s share exceeded the unprecedented level of 55 euros at several stages of the negotiations – it set an intraday high of 55.14 euros – although it fell below this level at the close. In addition, it is worth noting that last Monday the shares closed at €54 for the first time in their history.
Thus, this year the company, founded by Amancio Ortega and now headed by his daughter Marta Ortega, accumulates a revaluation of the stock market by 39.39%which is the fourth best value year on year – only surpassed by Banco Sabadell (+66.58%), CaixaBank (+45.95%) and the airline group IAG (+42.11%).
The last bullish rally breaking through all-time highs occurred on September 11 last year, when the company reported its earnings to the market. although since that day it has accumulated a gain of almost 19%Additionally, in September, the textile conglomerate reported that sales in Spain reached 2.655 million euros in the first half of the 2024-2025 financial year (February 1 to July 31), representing an increase of 9.4% compared to the same period of the previous year. year.
It should be noted that Inditex’s market capitalization (€171.3 billion) exceeds the sum of the next two most important listed companies in the Ibex 35, Iberdrola (90.2 billion) and Banco Santander (71.4 billion).
Analysts covering Inditex include DZ Bank, which rates the stock a Buy and has a price target of €60, or Banco Sabadell and Banco Santander, which give Inditex shares a target price of €58 and €58, respectively. 57.2 euros. Similarly, today Bernstein changed his mind on Inditex’s target price: he raised it from 51 to 60 euros.
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