Lovisa (ASX:LOV) Stock Price Up 4%

Lovisa Holdings Ltd (ASX:LOV) shares rose 4% during mid-day trading on Wednesday . The company traded as high as A$13.42 ($9.52) and last traded at A$13.41 ($9.51), approximately 115,238 shares changed hands during mid-day trading. The stock had previously closed at A$12.90 ($9.15).

The stock has a market cap of $1.42 billion and a price-to-earnings ratio of 39.21. The stock has a fifty day simple moving average of A$12.19 and a 200-day simple moving average of A$10.93. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 14.89.

The firm also recently announced a Final dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 24th will be issued a $0.15 dividend. This represents a yield of 1.21%. The ex-dividend date is Wednesday, September 11th. Lovisa’s dividend payout ratio (DPR) is currently 87.72%.

In other news, insider John Armstrong acquired 7,990 shares of Lovisa stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of A$12.56 ($8.90) per share, for a total transaction of A$100,314.45 ($71,145.00).

About Lovisa (ASX:LOV)

Lovisa Holdings Limited engages in the retail sale of fashion jewelry and accessories. It develops, designs, sources, and merchandises fashion jewelry and accessories under the Lovisa brand name to fashion conscious females aged 25-45. As of July 1, 2018, the company operated 326 retail stores, including 24 franchise stores.

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