However, you cannot buy Sephora stock directly, because Sephora is not a publicly-traded company. Sephora is a subsidiary of a French luxury goods conglomerate called MoÃ«t Hennessy Louis Vuitton, or LVMH for short. LVMH owns 100% of Sephora and many other famous brands, such as Louis Vuitton, Dior, Fendi, Givenchy, and MoÃ«t & Chandon.
So, if you want to buy Sephora stock, you need to buy LVMH stock instead. LVMH stock trades on the Euronext Paris exchange under the ticker symbol LVMH. US investors can also buy LVMH stock through the over-the-counter market, using the ticker symbols LVMUY or LVMHF. You can purchase LVMH shares and fractional shares through trading apps such as Stash and Robinhood.
Buying LVMH stock means you will own a stake in one of the world’s largest and most diversified luxury companies. LVMH has 75 business units across six sectors: fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, selective retailing, and other activities. LVMH reported revenue of â¬44.7 billion ($50.8 billion) and net profit of â¬7.2 billion ($8.2 billion) in 2021.
LVMH stock has performed well over the past year, rising by about 40% from â¬400 ($456) in May 2022 to â¬560 ($638) in May 2023. LVMH also pays an annual dividend of â¬6 ($6.84) per share, which translates to a yield of about 1%. Analysts expect LVMH to continue growing its revenue and earnings in the coming years, driven by strong demand for its luxury products in China and other emerging markets.
If you are looking for a way to invest in the beauty industry and benefit from Sephora’s success, buying LVMH stock could be a good option. However, you should also be aware of the risks involved in investing in foreign stocks, such as currency fluctuations, political instability, regulatory changes, and higher fees. You should also do your own research and analysis before making any investment decisions.
How to Buy LVMH Stock
If you are interested in buying LVMH stock, you will need to follow these steps:
Open a brokerage account. You will need a brokerage account that allows you to trade international stocks. Some popular options for US investors are Interactive Brokers, Fidelity, Charles Schwab, and TD Ameritrade. You can compare the fees, features, and customer service of different brokers before choosing one.
Fund your account. You will need to deposit some money into your brokerage account to buy LVMH stock. You can use various methods to fund your account, such as bank transfer, wire transfer, check, or debit card. Depending on your broker, it may take some time for your funds to clear and become available for trading.
Find the stock. You can use the ticker symbols LVMH, LVMUY, or LVMHF to search for LVMH stock on your broker’s platform. You will see the current price, volume, market cap, and other information about the stock. You can also check the historical performance, financial statements, analyst ratings, and news of LVMH on various websites.
Place an order. You can buy LVMH stock using different types of orders, such as market order, limit order, stop order, or trailing stop order. A market order will execute your trade at the current market price, while a limit order will execute your trade only if the price reaches a certain level. A stop order will trigger a market order if the price falls below a certain level, while a trailing stop order will adjust the stop price according to the price movement. You can also specify the number of shares or the amount of money you want to invest in LVMH stock.
Review and confirm your order. Before submitting your order, you should review the details and make sure everything is correct. You should also check the commission and fees that your broker will charge you for the trade. Once you are satisfied with your order, you can confirm and execute it.
Monitor your investment. After buying LVMH stock, you should monitor its performance and keep track of any news or events that may affect its value. You can also set alerts or notifications on your broker’s platform to inform you of any significant price changes. You can also decide when to sell your LVMH stock based on your investment goals and risk tolerance.
Buying LVMH stock is not very difficult if you have a brokerage account that supports international trading. However, you should also be aware of the risks and costs involved in investing in foreign stocks. You should also do your own research and analysis before making any investment decisions.