Reece's (ASX:REH) acceleration of hiring, especially in specific roles, pointed to volume growth, with total active Reece job advertisements rising 27.9% since Jan. 5, Jarden said in a Wednesday note.

Jarden said it analyzed pricing, job advertisement, website traffic, and footfall data across over 500 Reece Australian stores. Average prices across the over 2,000 stock-keeping units are up 6.3% since January, yet there is no evidence of volume elasticity.

Footfall growth across the network has accelerated, up 8.4% year-to-date. In aggregate, 834 articles saw price increases year-to-date.

Reece saw footfall data from Victoria inflecting from a 6.6% footfall decline through 2025 to 12.4% growth year-to-date.

The investment firm retained its overweight rating on Reece and cut the price target to AU$16.10 per share from AU$16.40 per share.