Stock Track | Harvey Norman Holdings Plummets 7.98% Intraday on Concerns Over Second-Half Earnings Outlook

Stock Track

Feb 27

Harvey Norman Holdings Ltd (HVN.AU) saw its shares plummet 7.98% during intraday trading on Friday, marking a significant downturn for the retailer.

The sharp decline followed analyst commentary expressing skepticism about the company's second-half earnings potential. According to Jefferies, consensus expectations for Harvey Norman's 2H net profit growth of 19% appear overly optimistic.

The firm noted that Harvey Norman's reported sales growth of 3.5% year-on-year in Australia for January lagged behind the 4% growth reported by rival JB Hi-Fi. This performance was seen as disappointing given the presence of an extra Saturday in January 2026, which should have provided a tailwind for sales. Jefferies maintained a hold rating on the stock with a price target of A$7.10 per share ahead of the first-half results.

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According to Jefferies, consensus expectations for Harvey Norman's 2H net profit growth of 19% appear overly optimistic.</p><p>The firm noted that Harvey Norman's reported sales growth of 3.5% year-on-year in Australia for January lagged behind the 4% growth reported by rival JB Hi-Fi. This performance was seen as disappointing given the presence of an extra Saturday in January 2026, which should have provided a tailwind for sales. 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According to Jefferies, consensus expectations for Harvey Norman's 2H net profit growth of 19% appear overly optimistic.</p><p>The firm noted that Harvey Norman's reported sales growth of 3.5% year-on-year in Australia for January lagged behind the 4% growth reported by rival JB Hi-Fi. This performance was seen as disappointing given the presence of an extra Saturday in January 2026, which should have provided a tailwind for sales. Jefferies maintained a hold rating on the stock with a price target of A$7.10 per share ahead of the first-half results.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HVN.AU","symbol_name":"HARVEY NORMAN HOLDINGS LTD","start_time":0,"source_url":"","article_id":"1133355158","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1133355158","pubTimestamp":1772151525,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Harvey Norman Holdings Ltd (HVN.AU) saw its shares plummet 7.98% during intraday trading on Friday, marking a significant downturn for the retailer.The sharp decline followed analyst commentary...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HVN.AU":"HARVEY NORMAN HOLDINGS LTD"},"translate_title":"个股追踪|哈维诺曼控股盘中暴跌7.98%因担忧下半年盈利前景","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HVN.AU":1},"content_text":"Harvey Norman Holdings Ltd (HVN.AU) saw its shares plummet 7.98% during intraday trading on Friday, marking a significant downturn for the retailer.The sharp decline followed analyst commentary expressing skepticism about the company's second-half earnings potential. 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