Tiger Brokers

BUZZ-Aussie apparel firm Premier's HY results to focus on its retail brands, says Bell Porter

Reuters
Mar 18, 2025
BUZZ-Aussie apparel firm Premier's HY results to focus on its retail brands, says Bell Porter

** Bell Porter expects Premier Investments PMV.AX to focus on its flagship retail brands Smiggle and Peter Alexander for its 1H25 results

** Premier up 1.1% on the day

** Australian apparel retailer to report 1H25 results on March 21

** Brokerage expects a trading update in both brands, with some improvement expected ahead in Smiggle and continuing strength in Peter Alexander

** Bell Porter retains "buy" rating but trims price target to A$30 from A$34 to reflect completion of Premier's demerger of apparel brands

** Five of 12 analysts rate the stock "buy" or higher, 7 rate "hold" ; their median PT is A$28.05 – LSEG data

** Stock down 14.6% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

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