Lovisa's New Bear Pinpoints Gathering Headwinds -- Market Talk

Dow Jones

2024/11/18

2139 GMT - Costumer jewelry retailer Lovisa has a new bear in Citi, partly because the expansion of its store network is happening at a slower pace than expected. Fewer new stores impacts Lovisa's EPS growth, analyst Sam Teeger says. Also, Citi believes the competitive risk from Harli & Harper is greater than it thought with a second new store now open. Other reasons to turn bearish are heightened uncertainty as a result of Lovisa's CEO transition and concerns that the company has relaxed its site selection criteria in certain overseas markets. Citi downgrades Lovisa to sell, from neutral. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 17, 2024 16:39 ET (21:39 GMT)

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(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 17, 2024 16:39 ET (21:39 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7128","symbol_name":"專賣店","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484865103","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484865103","pubTimestamp":1731879540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2139 GMT - Costumer jewelry retailer Lovisa has a new bear in Citi, partly because the expansion of its store network is happening at a slower pace than expected. 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