That's a fair analysis. Priced for perfection and they achieve it most of the time just about sums it all up.
One bit of info I would add is the net stores aren't the same as new stores. On a net store basis the growth has slowed to around 13% at the current run rate. Once inflation and population growth is taken into account, I think LOV will grow topline 15% yoy for the next 5 to 10 years so the current SP will eventually look OK.
If it could grow at these rates into perpetuity (like tech stocks), a PE of 40 will be cheap. However, a day will come when store growth will slow to mid single digits and eventually peak, at which time the market will not award the stock a PE of 40 as it currently does.
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Last
$32.24 |
Change
-0.035(0.11%) |
Mkt cap ! $3.548B |
Open | High | Low | Value | Volume |
$32.18 | $32.58 | $32.09 | $1.283M | 39.72K |
Buyers (Bids)
No. | Vol. | Price($) |
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11 | 261 | $32.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$32.25 | 241 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 252 | 32.220 |
3 | 78 | 32.210 |
4 | 171 | 32.200 |
3 | 144 | 32.190 |
2 | 106 | 32.180 |
Price($) | Vol. | No. |
---|---|---|
32.250 | 235 | 5 |
32.260 | 174 | 5 |
32.270 | 320 | 12 |
32.280 | 108 | 2 |
32.290 | 145 | 6 |
Last trade - 12.40pm 14/05/2024 (20 minute delay) ? |
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Last
$32.14 |
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Change
-0.035 ( 0.44 %) |
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Open | High | Low | Volume | ||
$32.11 | $32.57 | $32.10 | 3723 | ||
Last updated 13.00pm 14/05/2024 ? |
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