BUZZ-Citi remains "neutral" on Australia's Lovisa, flags risks

Reuters

Nov 15, 2024

** Citi says Lovisa's LOV.AX rapid expansion and unexpected CEO change pose potential risks, despite significant long-term EPS growth

** Maintains "neutral" stance at TP A$32.16, saying FY25 price-to-earnings ratio of ~31x doesn't reflect growth risks

** Fast-fashion jewellery retailer's in-store offshore execution in key markets and new vs old store quality concerns Brokerage

** Notes LOV's ex-CEO has launched Harli + Harper, a new market entrant with shareholders believing that it can potentially draw customers away

** 3 of 15 analysts rate the stock "buy", 10 "hold" and 2 "sell"; their median PT is A$30.53 – LSEG compiled data

** Stock up 23.6% YTD as of the last close

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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their median PT is A$30.53 – LSEG compiled data</p><p>** Stock up 23.6% YTD as of the last close</p><p> (Reporting by Kumar Tanishk in Bengaluru)</p><p> ((Tanishk.Kumar@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LOV.AU","symbol_name":"LOVISA HOLDINGS LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241114:nL4N3ML1TZ:1","article_id":"2483358509","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483358509","pubTimestamp":1731620000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Citi remains \"neutral\" on Australia's Lovisa, flags risks   ** Citi says Lovisa's LOV.AX rapid expansion and unexpected CEO change pose potential risks, despite significant long-term EPS growth** Maintains \"neutral\" stance at TP A$32.16, saying FY25 price-to-earnings ratio of ~31x doesn't reflect growth risks** Fast-fashion jewellery retailer's in-store offshore execution in key markets and new vs old store quality concerns Brokerage** Notes LOV's ex-CEO has launched Harli + Harper, a new market entrant with shareholders believing that it can potentially draw customers away** 3 of 15 analysts rate the stock \"buy\", 10 \"hold\" and 2 \"sell\"; 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