Street View: Brokerages hopeful of sales revival in Australia's Lovisa post dour trading update
Lovisa Holdings LOV.AX on Friday logged global comparable store sales growth of 3.5% in first 20 weeks of FY26
Jewellery retailer's sales growth misses VA consensus estimate of 5.3% growth for 1H26
Comparable sales growth for first 20 weeks of FY26 also weakens compared to 5.6% growth in first 8 weeks of same fiscal
Stock closed down 13.8% at A$30.02 on Friday, its lowest level since July 3
Lovisa slightly down 0.5% so far this year, as of last close
BROKERAGES CUT EARNINGS VIEW, BUT SEE POTENTIAL FOR REBOUND
Jefferies trims PT to A$33.4 from A$37, also cuts revenue estimate by 2% for fiscals 2026-2028 each citing insipid consumer conditions
Brokerage, however, continues to view co as a "quality retail growth story", with a highly differentiated business model
Citi cuts TP by 10% to A$38.45 but maintains "buy" rating on expectations of improving comparable sales
Brokerage flags, however, that the benefits anticipated from rival Claire's disruption and co's store refurbishments may take longer than anticipated
Morningstar lowers revenue forecast by 3% for fiscal 2026, but forecasts sales momentum to rebound with average same-store-sales of 4% in FY26 on the expectation of global store network expanding; maintains fair value estimate A$26
Analysts on average rate the stock "hold"; their median PT is A$38.03 - LSEG data
Related Articles
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
Musk’s Next Ambition: Building a Space-Based AI Data Center
TradingKey - Musk has long resisted the idea of taking SpaceX public. After the Tesla take-private drama and the resulting SEC penalties (which cost him the chairmanship), he’s been wary of public market entanglements. But something’s changed—and fast.
Japan Central Bank Rate Hike To Three-Decade High Imminent, How Will The Market Go? Which Assets Most Affected?
As global monetary policy divergence enters a critical phase, the Bank of Japan (BoJ) is anticipated to raise its benchmark interest rate at the monetary policy meeting on December 19, 2025, by 25 basis points to 0.75% , marking its highest level in nearly 30 years.
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?
Dow Jones Market Data shows this marks the first time since 1980all three metals—gold, silver, and copper—simultaneously refreshed their all-time highs in the same year. Will this rally extend into 2026?
