From The Motley Fool: 2024-05-31 02:36:11

The Lovisa Holdings Ltd (ASX: LOV) share price has surged 66% in the past year, hitting a record high of $34.04 in trading today. The fashion jewellery retailer has seen strong growth in store networks and e-commerce, leading to positive analyst sentiment. Bell Potter has a buy rating and $36 price target on Lovisa shares, expecting continued growth. Lovisa reported an 18% increase in revenues and gross profit for H1 FY 2024, with plans to expand further in existing and new markets. Investors are watching closely as Lovisa continues its expansion and e-commerce strategy for future growth. If you’re considering investment in retail, Lovisa could be a strong candidate for growth potential with thorough research and financial goal consideration.



Read more at The Motley Fool: Up 66% in a year, the Lovisa share price just hit an all-time high