Highlights
- Consensus rating of Buy from 11 analysts: 8 Buy or equivalent, 3 Hold, 0 Sell or equivalent.
- Mean price target of A$16.64 against a share price of A$12.09 on 8 October 2026, an implied upside of 37.7%.
- Analyst targets range from A$11.50 to A$29.36.
- Profit before tax excluding significant items was $211.1 million and statutory NPAT was $129.2 million.
Premier Investments (ASX:PMV) carries a consensus analyst rating of Buy. Of the 11 analyst recommendations recorded, 8 are Buy or equivalent, 3 are Hold and 0 are Sell or equivalent. The mean price target is A$16.64, with targets ranging from A$11.50 to A$29.36, against a current share price of A$12.09 (8 October 2026). Premier Investments Limited owns the Peter Alexander and Smiggle retail brands and holds an Investment in Breville Group Limited.
|
Company name |
Premier Investments |
|
Ticker |
|
|
Exchange |
ASX (Australian Securities Exchange) |
|
Current share price |
A$12.09 |
|
Price date |
8 October 2026 |
|
Number of analysts |
11 |
|
Rating consensus |
Buy |
|
Consensus price target (mean) |
A$16.64 |
|
Highest target |
A$29.36 |
|
Lowest target |
A$11.50 |
|
Implied upside/downside to mean target |
Implied upside of 37.7% |
Latest developments
Premier Investments (ASX:PMV) reported its FY26 results for the 52 weeks ended 25 July 2026 on 24 September 2026. Profit before tax excluding significant items was $211.1 million and statutory NPAT was $129.2 million. Premier Retail, comprising Peter Alexander and Smiggle, delivered EBIT of $175.9 million, in line with the company's 12 August 2026 guidance, and the result also included equity-accounted income from its investment in Breville.
Premier Retail sales were $795.5 million, comprising $565.3 million at Peter Alexander and $230.2 million at Smiggle. Peter Alexander recorded record sales and launched its Peter's Dreamers loyalty program, which attracted more than 1.4 million members in its first 10 months. At Smiggle, the relaunch initiatives announced in March 2026 were delivered, and the Brand entered the first half of FY27 with a refreshed product range.
The Board approved a fully franked final Dividend of 36 cents per share, bringing total FY26 dividends to 81 cents per share. The company held $391.4 million of cash, and its Breville shares had a Market Value of $1.08 billion, with $384.2 million recorded on the balance sheet. The company noted that discretionary retail conditions were challenging in the second half of FY26.
Risks and what to watch
The company describes discretionary retail conditions as very challenging in the second half, particularly toward the end of the period. The Breville investment is equity-accounted at $384.2 million on the Balance Sheet against a market value of $1.08 billion, so the balance sheet carrying value and market value differ. Smiggle's relaunch outcome depends on peak trading performance, and Earnings are exposed to consumer spending and inventory management.
Next milestones
Items to watch include payment of the 36 cent final dividend, first-half FY27 trading at Peter Alexander and Smiggle, uptake of the Peter's Dreamers loyalty program, and Breville's performance as an investment.




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