Lovisa (ASX:LOV) Trading Up 4%

Lovisa Holdings Ltd (ASX:LOV)’s share price was up 4% during mid-day trading on Wednesday . The stock 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 firm has a 50 day moving average of A$12.19 and a 200-day moving average of A$10.93. The stock has a market capitalization of $1.42 billion and a PE ratio of 39.21. The company has a debt-to-equity ratio of 14.89, a quick ratio of 0.62 and a current ratio of 1.31.

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

In other Lovisa news, insider John Armstrong acquired 7,990 shares of Lovisa stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of A$12.56 ($8.90) per share, with a total value 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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