Highlights

  • Consensus rating of Hold from 11 analysts: 3 Buy or equivalent, 8 Hold, 0 Sell or equivalent.
  • Mean price target of A$0.80 against a share price of A$0.66 on 8 October 2026, an implied upside of 22.6%.
  • Analyst targets range from A$0.65 to A$1.08.
  • Total sales were $1.64 billion, compared with $1.62 billion, and EBITDA was $278.9 million, compared with $288.8 million.

Accent Group (ASX:AX1) carries a consensus analyst rating of Hold. Of the 11 analyst recommendations recorded, 3 are Buy or equivalent, 8 are Hold and 0 are Sell or equivalent. The mean price target is A$0.80, with targets ranging from A$0.65 to A$1.08, against a current share price of A$0.66 (8 October 2026). Accent Group Limited is a footwear and apparel retailer and distributor that operates brands and stores in Australia and New Zealand, including Sports Direct stores.

Company name

Accent Group

Ticker

(ASX:AX1)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$0.66

Price date

8 October 2026

Number of analysts

11

Rating consensus

Hold

Consensus price target (mean)

A$0.80

Highest target

A$1.08

Lowest target

A$0.65

Implied upside/downside to mean target

Implied upside of 22.6%

Latest developments

Accent Group (ASX:AX1) announced its FY26 results for the 52 weeks ended 28 June 2026 on 21 August 2026. Total sales were $1.64 billion, compared with $1.62 billion, and EBITDA was $278.9 million, compared with $288.8 million. Underlying EBIT was $105.3 million and underlying NPAT was $51.0 million. EBIT before Goodwill Impairment was $82.6 million, above the midpoint of guidance. Reported EBIT was $34.0 million and the statutory result was a loss after tax of $13.8 million, after a non-cash goodwill impairment charge of $48.6 million. Underlying EPS were 8.5 cents.

The final Dividend is 1.25 cents per share, fully franked, and total FY26 dividends are 4.5 cents per share, compared with 7.0 cents. The company said it completed the closure of loss-making businesses, launched and expanded Sports Direct, continued the TAF Franchise reacquisition program and released its 2030 Strategic Growth Plan.

Sector context

The company describes a challenging macroeconomic backdrop and a challenging consumer environment during the year. Footwear and apparel retail Earnings depend on consumer spending, product mix and store performance.

Risks and what to watch

The statutory result was a $13.8 million loss because of a $48.6 million goodwill impairment, and total dividends fell to 4.5 cents from 7.0 cents. EBITDA declined to $278.9 million. Underlying measures exclude certain items, and the consensus data shows a Hold rating.

Next milestones

Items to watch include payment of the 1.25 cent final dividend, progress on the 2030 Strategic Growth Plan, Sports Direct expansion, the TAF franchise reacquisition program, and the half-year result.