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Lovisa Holdings Ltd ASX:LOV

4 opened or increased7 held3 reduced or exitedlatest position by manager, past 12 months90 days: 1 increased, 1 reduced. 21 managers in total.

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13 Mar 2026 to today

Commentary Showing 2 of 52

DateManagerActionSummary

7 Oct 2026Katana Asset ManagementHeldKatana Asset Management continues to hold Lovisa (ASX: LOV) because it views the retailer as a strong compounder combining a scalable store rollout model, strong brand recognition and attractive store economics. Katana highlights its vertically integrated model, which allows Lovisa to design, source and merchandise its own products while responding quickly to fashion trends. With 1,136 stores across more than 50 markets, the manager believes Lovisa still has a long runway for international expansion, particularly in Europe and North America. Continued store growth, high margins and strong cash generation are expected to support sustained earnings growth.

Article, price recorded $24.70

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6 Oct 2026Auscap Asset ManagementHeldAuscap Asset Management continues to hold Lovisa (ASX: LOV), seeing it as a beaten-down consumer discretionary stock with a compelling global rollout story. Auscap notes the jewellery retailer added more than 100 stores over the past year, while the bankruptcy of major competitor Claire's and its rapidly shrinking store network are freeing up attractive locations, allowing Lovisa to pick the best sites. The manager also sees potential in Lovisa's new premium brand, Jewells, adding further avenues for growth, although Auscap's Will Mumford acknowledges the new concept remains loss-making and that competition is emerging.

Article, price recorded $24.42

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Articles

About Lovisa Holdings Ltd

Consumer Discretionary, Specialty Retail

Lovisa (ASX:LOV), the global fashion jewellery retailer, is a preferred retail pick for some fund managers while others see it as expensive. In August 2026, Seneca rated Lovisa a buy, citing 14% EBIT growth in FY26, continued store rollout with runway in Asia and the US, and an undemanding multiple of around 20 times earnings. Forager rated it a sell on valuation and flagged competition from Honey and Harper, founded by a former Lovisa CEO. Wilson Asset Management sees Lovisa benefiting from rate cuts, and Auscap highlights its global footprint of more than 1,100 stores. Lovisa operates in the Consumer Discretionary sector within the Specialty Retail industry, and Thesis Tracker has captured 50 comments from 20 fund managers, including Seneca, Forager, Wilson Asset Management and Auscap. Founded in 2010 by Shane Fallscheer and Brett Blundy and headquartered in Melbourne, Lovisa sells affordable, trend-led jewellery in more than 45 countries.

Market cap: $2.7b
Price to earnings: 31.7x
Return on equity: 122.2%
Dividend yield: 3.3%
Price to book: 38.86x
Net margin: 10.2%
52-week range: $19.30 to $39.33

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Lovisa Holdings Ltd (ASX:LOV)?

Fund managers including Monash Investors, Ausbil Investment Management, Ellerston Capital, Oracle Advisory Group, Contract Asset Management, QVG Capital, ECP Asset Management, Glennon Small Companies, Contact Asset Management, Wilson Asset Management, Maple-Brown Abbott, Pengana Capital Group, LSN Capital Partners, Auscap Asset Management, Lennox Capital Partners, 1851 Capital, Quest Asset Partners, Seneca Financial Solutions, Blue Boat Capital, Forager Funds and Katana Asset Management have invested in Lovisa Holdings Ltd (ASX:LOV).

What opportunities or catalysts do fund managers highlight for Lovisa Holdings Ltd?

Managers highlight 14% EBIT growth, a long store rollout runway in Asia and the US, a fast fashion model releasing new styles weekly and potential re-rating as interest rates fall, according to Seneca, Auscap and Wilson.

What are the key risks to the Lovisa Holdings Ltd investment thesis, according to fund managers?

Forager views Lovisa as too expensive and highlights competitive risk from Honey and Harper, which is expanding aggressively, and Wilson notes near-term consumer conditions remain tough.

What does Lovisa Holdings Ltd (ASX:LOV) do?

Lovisa Holdings Ltd. is a global fashion jewelry and accessories retailer founded in 2010 by Shane Fallscheer and Brett Blundy. Headquartered in Hawthorn, Australia, the company operates a diverse retail network across five key geographical segments: Australia and New Zealand, Asia, Africa and the Middle East, the Americas, and Europe. Lovisa focuses on the retail sale of trend-driven jewelry and accessories.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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