Accent Group Loses Bull Amid Margin Weakness -- Market Talk

Dow Jones

Jan 29, 2025

2349 GMT - Australian footwear retailer Accent Group loses its bull at Citi on weakening sales growth and margins. Analyst Sam Teeger lowers his recommendation on the stock to neutral from buy, telling clients in a note that the rate of Accent's gross margin decline has accelerated over recent months. This is before incorporating any headwinds from the weaker Australian dollar, he adds. Accent's first-half EBIT was about A$1.8 million stronger than the average analyst forecast, but only due to an unexpected A$3.3 million one-off benefit from the reversal of a historical impairment. Citi lowers its target price by 1.6% to A$2.43. Shares are down 1.3% at A$2.35. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 28, 2025 18:49 ET (23:49 GMT)

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Analyst Sam Teeger lowers his recommendation on the stock to neutral from buy, telling clients in a note that the rate of Accent's gross margin decline has accelerated over recent months. This is before incorporating any headwinds from the weaker Australian dollar, he adds. Accent's first-half EBIT was about A$1.8 million stronger than the average analyst forecast, but only due to an unexpected A$3.3 million one-off benefit from the reversal of a historical impairment. Citi lowers its target price by 1.6% to A$2.43. Shares are down 1.3% at A$2.35. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 28, 2025 18:49 ET (23:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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>Accent Group Loses Bull Amid Margin Weakness -- 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\">\nAccent Group Loses Bull Amid Margin Weakness -- 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\">2025-01-29 07:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2349 GMT - Australian footwear retailer Accent Group loses its bull at Citi on weakening sales growth and margins. Analyst Sam Teeger lowers his recommendation on the stock to neutral from buy, telling clients in a note that the rate of Accent's gross margin decline has accelerated over recent months. This is before incorporating any headwinds from the weaker Australian dollar, he adds. Accent's first-half EBIT was about A$1.8 million stronger than the average analyst forecast, but only due to an unexpected A$3.3 million one-off benefit from the reversal of a historical impairment. Citi lowers its target price by 1.6% to A$2.43. Shares are down 1.3% at A$2.35. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 28, 2025 18:49 ET (23:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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":"BK7021","symbol_name":"服装零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507757334","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507757334","pubTimestamp":1738108140,"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":"2349 GMT - Australian footwear retailer Accent Group loses its bull at Citi on weakening sales growth and margins. Analyst Sam Teeger lowers his recommendation on the stock to neutral from buy, telling clients in a note that the rate of Accent's gross margin decline has accelerated over recent months. This is before incorporating any headwinds from the weaker Australian dollar, he adds. Accent's first-half EBIT was about A$1.8 million stronger than the average analyst forecast, but only due to an unexpected A$3.3 million one-off benefit from the reversal of a historical impairment. Citi lowers its target price by 1.6% to A$2.43. Shares are down 1.3% at A$2.35. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7021":"服装零售","AX1.AU":"ACCENT GROUP LTD"},"translate_title":"雅绅特集团因利润率疲软而失去牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AX1.AU":0.9},"content_text":"2349 GMT - Australian footwear retailer Accent Group loses its bull at Citi on weakening sales growth and margins. Analyst Sam Teeger lowers his recommendation on the stock to neutral from buy, telling clients in a note that the rate of Accent's gross margin decline has accelerated over recent months. This is before incorporating any headwinds from the weaker Australian dollar, he adds. Accent's first-half EBIT was about A$1.8 million stronger than the average analyst forecast, but only due to an unexpected A$3.3 million one-off benefit from the reversal of a historical impairment. Citi lowers its target price by 1.6% to A$2.43. Shares are down 1.3% at A$2.35. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 28, 2025 18:49 ET (23:49 GMT)\n\n\n  Copyright (c) 2025 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":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}