BUZZ-Jefferies initiates coverage on Australia's Temple & Webster with 'underperform'

Reuters

Jun 23, 2025

BUZZ-Jefferies initiates coverage on Australia's Temple & Webster with 'underperform'

** Jefferies initiates coverage on online homewares and furniture (H&F) retailer Temple & Webster TPW.AX with "underperform" rating and A$17.0 PT

** Brokerage says TPW had a first-mover advantage in online furniture space but flags maintaining market leadership will be a challenge to due to intensifying competition

** Says valuation metrics appears to be demanding with TPW's shares trading 29% above Jefferies PT

** Jefferies is "cautious on TPW's ability to penetrate Trade and Home Improvement, given both may require a shift in the business model"

** However, Jefferies sees H&F sales to accelerate due to the rate-cut cycle in Australia and strong consumer confidence at a 32-month high

** Analysts on average rate the stock "buy"; their median PT is A$19.0 – LSEG data

** Stock up nearly 63% pct this year

(Reporting by John Biju in Bengaluru, editing by Deepa Babington)

((John.Biju@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2545537884"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2545537884\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2545537884?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-23 03:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2545537884","market":"fut","top_or_hot":-1,"title":"BUZZ-Jefferies initiates coverage on Australia's Temple & Webster with 'underperform'","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Jefferies initiates coverage on Australia's Temple &amp; Webster with 'underperform'</title></head><body><p>** Jefferies initiates coverage on online homewares and furniture (H&amp;F) retailer Temple &amp; Webster <span>TPW.AX</span> with \"underperform\" rating and A$17.0 PT</p><p>** Brokerage says TPW had a first-mover advantage in online furniture space but flags maintaining market leadership will be a challenge to due to intensifying competition</p><p>** Says valuation metrics appears to be demanding with TPW's shares trading 29% above Jefferies PT</p><p>** Jefferies is \"cautious on TPW's ability to penetrate Trade and Home Improvement, given both may require a shift in the business model\"</p><p>** However, Jefferies sees H&amp;F sales to accelerate due to the rate-cut cycle in Australia and strong consumer confidence at a 32-month high</p><p>** Analysts on average rate the stock \"buy\"; their median PT is A$19.0 – LSEG <span>data</span></p><p>** Stock up nearly 63% pct this year</p><p> (Reporting by John Biju in Bengaluru, editing by Deepa Babington)</p><p> ((John.Biju@thomsonreuters.com;))</p></body></html>","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>BUZZ-Jefferies initiates coverage on Australia's Temple & Webster with 'underperform'</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\">\nBUZZ-Jefferies initiates coverage on Australia's Temple & Webster with 'underperform'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-23 03:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Jefferies initiates coverage on Australia's Temple &amp; Webster with 'underperform'</title></head><body><p>** Jefferies initiates coverage on online homewares and furniture (H&amp;F) retailer Temple &amp; Webster <span>TPW.AX</span> with \"underperform\" rating and A$17.0 PT</p><p>** Brokerage says TPW had a first-mover advantage in online furniture space but flags maintaining market leadership will be a challenge to due to intensifying competition</p><p>** Says valuation metrics appears to be demanding with TPW's shares trading 29% above Jefferies PT</p><p>** Jefferies is \"cautious on TPW's ability to penetrate Trade and Home Improvement, given both may require a shift in the business model\"</p><p>** However, Jefferies sees H&amp;F sales to accelerate due to the rate-cut cycle in Australia and strong consumer confidence at a 32-month high</p><p>** Analysts on average rate the stock \"buy\"; their median PT is A$19.0 – LSEG <span>data</span></p><p>** Stock up nearly 63% pct this year</p><p> (Reporting by John Biju in Bengaluru, editing by Deepa Babington)</p><p> ((John.Biju@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TPW.AU","symbol_name":"TEMPLE & WEBSTER GROUP LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250622:nL6N3SP04L:1","article_id":"2545537884","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545537884","pubTimestamp":1750621781,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Jefferies initiates coverage on Australia's Temple & Webster with 'underperform'** Jefferies initiates coverage on online homewares and furniture (H&F) retailer Temple & Webster TPW.AX with \"underperform\" rating and A$17.0 PT** Brokerage says TPW had a first-mover advantage in online furniture space but flags maintaining market leadership will be a challenge to due to intensifying competition** Says valuation metrics appears to be demanding with TPW's shares trading 29% above Jefferies PT** Jefferies is \"cautious on TPW's ability to penetrate Trade and Home Improvement, given both may require a shift in the business model\"** However, Jefferies sees H&F sales to accelerate due to the rate-cut cycle in Australia and strong consumer confidence at a 32-month high** Analysts on average rate the stock \"buy\"; their median PT is A$19.0 – LSEG data** Stock up nearly 63% pct this year  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"TPW.AU":"TEMPLE & WEBSTER GROUP LTD"},"translate_title":"BUZZ-Jefferies首次对澳大利亚Temple&Webster进行“表现不佳”的报道","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPW.AU":0.9},"content_text":"BUZZ-Jefferies initiates coverage on Australia's Temple & Webster with 'underperform'** Jefferies initiates coverage on online homewares and furniture (H&F) retailer Temple & Webster TPW.AX with \"underperform\" rating and A$17.0 PT** Brokerage says TPW had a first-mover advantage in online furniture space but flags maintaining market leadership will be a challenge to due to intensifying competition** Says valuation metrics appears to be demanding with TPW's shares trading 29% above Jefferies PT** Jefferies is \"cautious on TPW's ability to penetrate Trade and Home Improvement, given both may require a shift in the business model\"** However, Jefferies sees H&F sales to accelerate due to the rate-cut cycle in Australia and strong consumer confidence at a 32-month high** Analysts on average rate the stock \"buy\"; their median PT is A$19.0 – LSEG data** Stock up nearly 63% pct this year (Reporting by John Biju in Bengaluru, editing by Deepa Babington) ((John.Biju@thomsonreuters.com;))","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":false,"code":"91000000","status":"200"}}}