Lovisa (LOV) recommendations

Is LOV a Hold, Sell or Buy?

A: I will go with the experts on jewellery specialist and retailer Lovisa (LOV). It has had a big run and looking fully priced. According to FN Arena, the current broker consensus price is $10.33 (range $9.00 low to a high of $11.00), which is 6.5% below the last closing price of $11.05. Of the 4 brokers who cover it, there are 3 buy recommendations and 1 hold recommendation. On a multiple basis, it is pretty heady: 32.1 times FY19 earnings and 27.7 times FY20 earnings.


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