Jefferies cautious on Australia's Lovisa ahead of half-year results

Lovisa Holdings

27/01/2026 18:54

** Jefferies remains cautious on Lovisa Holdings LOV.AX in the short term, as a challenging consumer environment persists in Australia, as well as the U.S. and Europe

** Brokerage says while store count has been increasing recently, investor attention will be on maintaining gross margins, especially against the backdrop of significant cheap online competition

** Jewellery retailer to report half-year results on February 19

** Jefferies sees NPAT below Visible Alpha estimates by 13%, 7% and 5% for fiscal years 2026, 2027 and 2028, respectively

** Brokerage keeps "hold" call, price target at A$32

** Stock fell 2.8% in 2025

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))