Premier Needs to Restore Smiggle's Momentum -- Market Talk

Dow Jones

Oct 30, 2024

0322 GMT - Premier Investments needs to improve momentum at its Smiggle stationery business if its shares are to secure a material rerate, Jarden analysts say. They tell clients in a note that Premier remains a well-run, resilient business, and see a lot to like in its proposed sale of its apparel brands to department-store operator Myer. The analysts reckon that closer ties with Myer should help expand distribution of Premier's remaining Smiggle and Peter Alexander sleepwear products. But they want to see Smiggle's recent sales weakness addressed and the outcome of its expansion to the U.K. Jarden keeps a neutral rating and A$29.50 target price on Premier shares, which are down 1.8% at A$33.34. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 29, 2024 23:22 ET (03:22 GMT)

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They tell clients in a note that Premier remains a well-run, resilient business, and see a lot to like in its proposed sale of its apparel brands to department-store operator Myer. The analysts reckon that closer ties with Myer should help expand distribution of Premier's remaining Smiggle and Peter Alexander sleepwear products. But they want to see Smiggle's recent sales weakness addressed and the outcome of its expansion to the U.K. Jarden keeps a neutral rating and A$29.50 target price on Premier shares, which are down 1.8% at A$33.34. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 29, 2024 23:22 ET (03:22 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Premier Needs to Restore Smiggle's Momentum -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPremier Needs to Restore Smiggle's Momentum -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-30 11:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0322 GMT - Premier Investments needs to improve momentum at its Smiggle stationery business if its shares are to secure a material rerate, Jarden analysts say. They tell clients in a note that Premier remains a well-run, resilient business, and see a lot to like in its proposed sale of its apparel brands to department-store operator Myer. The analysts reckon that closer ties with Myer should help expand distribution of Premier's remaining Smiggle and Peter Alexander sleepwear products. But they want to see Smiggle's recent sales weakness addressed and the outcome of its expansion to the U.K. Jarden keeps a neutral rating and A$29.50 target price on Premier shares, which are down 1.8% at A$33.34. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 29, 2024 23:22 ET (03:22 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PMV.AU","symbol_name":"PREMIER INVESTMENTS LIMITED","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479162712","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479162712","pubTimestamp":1730258520,"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":"0322 GMT - Premier Investments needs to improve momentum at its Smiggle stationery business if its shares are to secure a material rerate, Jarden analysts say. They tell clients in a note that Premier remains a well-run, resilient business, and see a lot to like in its proposed sale of its apparel brands to department-store operator Myer. The analysts reckon that closer ties with Myer should help expand distribution of Premier's remaining Smiggle and Peter Alexander sleepwear products. But they want to see Smiggle's recent sales weakness addressed and the outcome of its expansion to the U.K. Jarden keeps a neutral rating and A$29.50 target price on Premier shares, which are down 1.8% at A$33.34. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PMV.AU":"PREMIER INVESTMENTS LIMITED","BK7021":"服装零售"},"translate_title":"Premier需要恢复Smiggle的势头——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PMV.AU":0.9},"content_text":"0322 GMT - Premier Investments needs to improve momentum at its Smiggle stationery business if its shares are to secure a material rerate, Jarden analysts say. They tell clients in a note that Premier remains a well-run, resilient business, and see a lot to like in its proposed sale of its apparel brands to department-store operator Myer. The analysts reckon that closer ties with Myer should help expand distribution of Premier's remaining Smiggle and Peter Alexander sleepwear products. But they want to see Smiggle's recent sales weakness addressed and the outcome of its expansion to the U.K. Jarden keeps a neutral rating and A$29.50 target price on Premier shares, which are down 1.8% at A$33.34. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 29, 2024 23:22 ET (03:22 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}