LVMH Moet Hennessy Louis Vuitton S.A. ($LVMUY (+0%) ) has announced a new share buyback program worth up to 1 billion euros. This program will begin on February 24 and is set to be completed by November 28, 2025, at the latest. A reason for investors to pay attention!
But what does a share buyback mean for shareholders? Essentially, the company reduces the number of shares outstanding, which can increase earnings per share (EPS) and potentially boost the stock price. Following the announcement, the price of the $LVMH stock rose by 0.87% to 707.60 euros.
What do you think? Is a share buyback a sign of financial strength or more of a short-term strategy? 📈👍 An exciting discussion among finance enthusiasts is sure to follow!