
Australian fast-fashion jewellery chain Lovisa Holdings LOV.AX reports 1H25 NPAT of A$56.9 million ($36.14 million), below the Visible Alpha consensus of A$62 million
LOV's shares ended 3.8% lower on Monday at A$28.20 per share, after falling as much as 7.8% during the session
LOV's shares down 6.5% this year, as of last close
CITI CAUTIOUS, JEFFERIES UNIMPRESSED
Citi hikes PT to A$25.86 from A$25.45, retains "sell" rating
Cuts FY25 NPAT outlook by 7% driven by slower store rollout, higher costs of doing business and higher tax
Brokerage says: while there are pleasing recent signs of store rollout accelerating, prudent to wait and see if it sustains over 2H25
Jefferies trims PT to A$27.00 from A$27.50, retains "hold" rating
Says "gloss has come off LOV, and management change hasn't helped"
"Just can't see anything compelling in this story at present", says Jefferies
Seven of 15 analysts rate the stock "buy" or higher, five "hold" and three "sell" or lower; their median PT is A$28.80, per data compiled by LSEG
($1 = 1.5743 Australian dollars)