Focusing The Lens On Retail Stocks – HVN, MYR, KMD

Focusing The Lens On Retail Stocks - HVN, MYR, KMD

With the changing consumer spending patterns, it is very important for investors to keep a close eye on the retail sector and retail stocks that are trading on ASX. Let’s take a closer look at some of the retail stocks that are trading on ASX.

Harvey Norman Holdings Limited (ASX: HVN)

Harvey Norman Holdings Limited (ASX: HVN) is involved primarily in the operations of franchise, integrated retail, property and digital enterprise business. The group recently appointed highly experienced, Mr. John Craven as an Independent Non-Executive Director, further strengthening the Board’s mix of skills, knowledge and experience.

For the half year ended 31 December 2018, the company reported a net profit after tax of $222.77 million, which was 7.3% higher than the previous corresponding period. During the half year period, the company produced outstanding results from its stores in Singapore and Malaysia, and kicked-off its Flagship Store concept in South-East Asia.

As at 31st December 2018, the company had a strong balance sheet with net assets of $3.15 billion and a solid working capital position.

The share price of the company in the past six months has increased by 19.01%. The stock last traded at $4.120, with a market capitalisation of $4.83 billion as on 18th April 2019.

Myer Holdings Limited (ASX: MYR)

Myer Holdings Limited (ASX:MYR) runs a departmental store business in Australia. In the first half of FY2019, the company reported total sales of $1,671.4 million, with online and omnichannel sales of $151.2 million. The company earned statutory NPAT of $38.4 million in H1 FY19 and reported operating cash flow of $173 million.

In the second half of FY2019, the company will focus on the execution of its Customer First Plan, and it is expecting the sales to be impacted by the exit of a number of brands and the introduction of several new brands. Further, the company is expecting higher interest and depreciation costs in the second half.

The share price of the company in the past six months has increased by 43.56%. The stock last traded at $0.705, with a market capitalisation of circa $595.43 million as on 18th April 2019.

Kathmandu Holdings Limited (ASX: KMD)

Kathmandu Holdings Limited (ASX:KMD) is running a brand-led global multi-channel business. The company is focused on diversifying its channels, brands and markets. For the first half of FY2019, the company reported a net profit after tax (NPAT) of $13.2 million and normalised earnings before interest and tax (EBIT) of $19.8 million. In the first half of FY19, the Oboz pro forma sales of the company grew by 38.6%, leading to 77.1% EBIT growth.

The company is focused on achieving sales and profit growth in its core Australasian business to fund investment for future growth and the group believes that it can grow strongly as it builds international Kathmandu brand equity through authentic outdoor wholesale channels.

The stock price of the company decreased by 17.84% in the last six months, and KMD’s shares last traded at $2.210, with a market capitalisation of $499.98 million as on 18th April 2019.


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