Let's crank up the excitement with the latest chatter on the ASX. This stock isn’t just heating up the market, it’s creating a bonza buzz across the web and social media. Check out this mover and shaker that’ll get your trading juices flowing:
Lovisa (ASX: LOV
Sector:Retail Jewellery
What's Happening? Lovisa is dazzling the market with their stellar financial performance and expansion plans. The jewellery retailer reported an 18.2% revenue increase year-over-year, hitting $373 million in half-year results. They’ve also expanded their sparkle into China and Vietnam, opening 74 new stores and bringing their total to 854. Lovisa also reported a 12% increase in half-year profit after tax to A$53.5 million and announced an interim dividend of 50 Australian cents per share.
Analyst Insights:
- Morgans remains bullish on Lovisa, maintaining an 'Add' rating and setting a price target of $35 per share. They highlight Lovisa's strategic market expansion and robust revenue growth as key drivers.
Lovisa was founded in 2010 and had quickly grown to be one of Australia's leading specialist fast fashion jewellery retailers. Lovisa’s glittering presence spans over 30 countries, making it a global powerhouse in affordable jewellery. Lovisa has over 600 stores across Australia, New Zealand, Singapore, Malaysia, South Africa, Spain, France, Canada, US and the UK and franchised stores in the Middle East. Lovisa has developed a vertically integrated business model in which it develops, designs, sources and merchandise 100% of its Lovisa branded products.
Market Cap: $3.5 billion
Closing Price: $33.85 AUD (up 1.04%)
This is a really quality stock which is profitable with an excellent management team and best bonza bit is the fair dinkum great dividends it pays!
S&P/ASX 200 (XJO.AU):
- As of the close on Friday, the S&P/ASX 200 closed at 7,643.60 points, down 0.19% in the past 5 days.
This stock is creating a buzz and offer ripper opportunities for investors. By staying informed and engaged with these top performers, you can boost your engagement and stay ahead in the trading game.
Happy trading ahead! Cheers, BC 🍀
For more deets, check out the latest from [Morningstar](https://www.morningstar.com.au) and [IG Australia](https://www.ig.com).
@ASX_Stars @TigerStars @Tiger_comments @Tiger_AU @MillionaireTiger @CaptainTiger @Daily_Discussion @TigerGPT @TigerGPT_AU
Comments
Lovisa Holdings Ltd (LOV.AU) - Stock Overview
Stock Name: Lovisa Holdings Ltd
Stock Code: LOV.AU
Sector: Retail Jewellery
Market Cap: $3.5 billion
Closing Price: $33.85 AUD (up 1.04%)
Trading Volume: 180.14K
Financial Performance and Expansion Plans
Lovisa reported an 18.2% increase in revenue year-over-year, reaching $373 million in half-year results.
The company expanded its presence in China and Vietnam, opening 74 new stores and bringing the total to 854.
Half-year profit after tax increased by 12% to A$53.5 million.
Lovisa announced an interim dividend of 50 Australian cents per share.
Analyst Insights
Morgans remains bullish on Lovisa, maintaining an 'Add' rating and setting a price target of $35 per share.
They highlight Lovisa's strategic market expansion and robust revenue growth as key drivers.
Company Profile
Lovisa was founded in 2010 and has quickly grown to be one of Australia's leading specialist fast fashion jewellery retailers.
The company operates over 600 stores across Australia, New Zealand, Singapore, Malaysia, South Africa, Spain, France, Canada, the US, the UK, and franchised stores in the Middle East.
Lovisa follows a vertically integrated business model, developing, designing, sourcing, and merchandising 100% of its Lovisa branded products.
Key Stock Indicators
Earnings per Share TTM: $0.67
ROA: 14.95%
ROE: 77.02%
P/E Ratio TTM: 50.465
Dividend Yield: 2.39%
52-Week Low: $16.74 AUD
52-Week High: $34.83 AUD
Capital Flow Data
Capital Flow Data (5 Day):
07-12: Inflow of 1742.73K units
07-15: Outflow of 472.28K units
07-16: Inflow of 895.7K units
07-17: Inflow of 1466.97K units
07-18: Inflow of 21.25K units
Capital Flow Data (1 Day):
Inflow: $2,954,853.91
Outflow: $1,563,596.27
Big Inflow: $1.75 million
Median Inflow: $288.12K
Small Inflow: $916.29K
Big Outflow: $250.60K
Median Outflow: $87.28K
Small Outflow: $1.23 million
For more detailed information, you can refer to the latest articles from Morningstar and IG Australia.
Please note that the information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is important to conduct thorough research and analysis before making any investment decisions.
Sources:
Morningstar
IG Australia