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Universal Store Holdings Ltd ASX:UNI

0 opened or increased7 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 11 managers in total.

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20252026

14 Feb 2026 to today

Commentary Showing 2 of 16

DateManagerActionSummary

21 Sep 2026LSN Capital PartnersHeldLSN Capital Partners continues to hold a positive view on Universal Store Holdings, describing it as a countercyclical retail play skewed toward under-25 consumers who are more insulated from broader economic pressure. The manager notes competitor exits are clearing runway for a store rollout strategy, particularly benefiting higher-margin private-label lines such as Perfect Stranger, viewing the combination of resilient demographic demand and reduced competitive intensity as supportive of continued store network expansion and margin improvement.

Article, price recorded $7.18

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2 Sep 2026Yarra Capital ManagementHeldYarra Capital Management continues to hold Universal Store Holdings because the manager views the retailer as worth holding despite a tough retail backdrop. Yarra highlights another very strong result featuring continued like-for-like sales growth, a still-live store rollout opportunity, and improving execution as wholesale-channel disruption from competitor store closures works its way through the market. The manager credits the company's execution and 'right price, right time' positioning within the apparel retail category as key differentiators supporting the case to maintain the position through the current cyclical retail environment.

Article, price recorded $7.77

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Articles

About Universal Store Holdings Ltd

Consumer Discretionary, Specialty Retail

Universal Store (ASX:UNI), the youth fashion retailer, has impressed fund managers with resilient trading. In September 2026, Yarra Capital Management highlighted another very strong result, with good like-for-like sales growth, an ongoing store rollout and improving execution as competitor failures disrupted the wholesale channel. LSN Capital Partners rated Universal Store a buy, describing it as a countercyclical retailer skewed to under-25 customers who are more insulated from economic pressure. Spheria noted the shares rebounded from oversold levels. Universal Store operates in the Consumer Discretionary sector within the Specialty Retail industry, and Thesis Tracker has captured 15 comments from 10 fund managers, including Yarra, LSN, Spheria and Fairview. Founded in 1999 and headquartered in Eagle Farm, Brisbane, Universal Store operates Universal Store, Perfect Stranger and the Thrills and Worship brands through stores and online channels.

Market cap: $611m
Price to earnings: 35.6x
Return on equity: 13.1%
Dividend yield: 5.2%
Price to book: 4.86x
Net margin: 4.9%
52-week range: $6.06 to $9.88

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

Questions

Who is investing in Universal Store Holdings Ltd (ASX:UNI)?

Fund managers including Milford Asset Management, Blackwattle Investment Partners, QVG Capital, Ten Cap, Ellerston Capital, Perennial Partners, Spheria Asset Management, Fairview Equity Partners, Pendal Group, Yarra Capital Management and LSN Capital Partners have invested in Universal Store Holdings Ltd (ASX:UNI).

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

Managers highlight strong like-for-like sales growth, a customer base less affected by higher interest rates, competitor exits creating room for its store rollout, particularly higher-margin Perfect Stranger stores, and resilient execution, according to Yarra, LSN and Fairview.

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

Yarra notes Universal Store operates in a fickle youth fashion segment and faced disruption in its wholesale channel, and Spheria observed the shares can be dragged lower by weak sentiment across consumer discretionary stocks.

What does Universal Store Holdings Ltd (ASX:UNI) do?

Universal Store Holdings Ltd. is an Australian fashion retailer founded in 1999 and headquartered in Eagle Farm. The company operates within the fashion market through two primary business segments: Universal Store and CTC. As a retail operator, the firm maintains a structured presence in the youth fashion sector, focusing on brand-led apparel and accessories. Investors monitor these segments to evaluate the company's performance, brand portfolio strategy, and operational efficiency within the competitive retail landscape.

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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