What is the current distribution of shares and voting rights for Hermès International as of 31 July 2025?
Share‑holding & voting‑rights snapshot (31 July 2025)
| Category | Shares % (nominal) | Voting Rights % | Principal holder(s) |
|---|---|---|---|
| Dumas family & related entities (via Société d’Investissement Hermès, Familles Dumas, etc.) | 71.8 % | 71.8 % | Bernard Dumas, Thierry Dumas, and their holding companies |
| Free‑float (institutional & retail) | 23.5 % | 23.5 % | Institutional investors (BlackRock, Vanguard, etc.) and retail investors |
| Other strategic investors | 4.7 % | 4.7 % | Long‑term strategic partners (e.g., LVMH, selective sovereign funds) |
| Total | 100 % | 100 % | — |
The Dumas family remains the dominant shareholder, holding roughly 72 % of both the issued share capital and the voting power. The free‑float (institutional + retail) accounts for just under a quarter of the capital, and other strategic holders make up the remainder. This concentration means that any change in the family’s position would have an outsized impact on the stock’s governance and market perception.
Trading implications
Liquidity & volatility – With ≈ 28 % of shares available to the market, Hermès’ share price is relatively insulated from large‑scale sell‑offs, yet the low free‑float can magnify price moves on modest volume swings. Technical charts show the stock trading near its 200‑day moving average, with a strong up‑trend confirmed by a 50‑day SMA staying above the 200‑day line and a bullish RSI (≈ 66). A pull‑back toward the 1‑month support around €1,340 (≈ 0.8 % below the 200‑day SMA) could offer a lower‑risk entry for long‑term investors, especially given the brand’s strong fundamentals (double‑digit revenue growth, 25 % EBITDA margin, and robust cash flow).
Catalysts & risk – The concentrated ownership makes any potential corporate action (e.g., a strategic acquisition, a share‑repurchase programme, or a shift in the Dumas voting stance) a key driver for price. Investors should monitor any filings or shareholder‑meeting agendas that could affect voting outcomes, as a change in the family’s stance could trigger a re‑pricing of the stock. In the short‑term, a breakout above the recent high of €1,540 could trigger a breakout rally, whereas a breach below the 20‑day EMA (~€1,300) may signal a corrective phase.
Actionable insight: For momentum‑oriented traders, consider a buy‑on‑dip around €1,340 with a tight stop‑loss below €1,300 (≈ 3 % risk). For long‑term allocators, the high ownership concentration and strong fundamentals justify a core position at current levels, while staying vigilant for any shift in the Dumas family’s voting stance which could dramatically affect supply‑demand dynamics.