City Chic Collective Limited

Equities

CCX

AU0000031767

Apparel & Accessories Retailers

Market Closed - Australian S.E. Other stock markets 02:10:44 2024-04-26 am EDT			5-day change	1st Jan Change
0.43 ^AUD	+8.86%		+22.86%	-19.63%

Mar. 18	City Chic Collective Limited(ASX:CCX) dropped from S&P/ASX All Ordinaries Index	CI
Feb. 28	Jarden Research Adjusts City Chic Collective’s Price Target to AU$0.50 From AU$0.51, Keeps at Neutral	MT

Morgan Stanley rates CCX as Equal-weight

February 27, 2023 at 08:31 pm EST

City Chic Collective's pre-guided December-half result met Morgan Stanley's forecasts but trading for the first weeks of the June half disappointed by -17%.

Management retained inventory guidance and advised it is on schedule to hit a net cash position by the end of June.

The broker downgrades earnings forecasts.

Equal-weight rating retained. Target price falls to 60c from 70c. Industry view: In line.

Sector: Retailing.

Target price is $0.60.Current Price is $0.48. Difference: $0.12 - (brackets indicate current price is over target). If CCX meets the Morgan Stanley target it will return approximately 20% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	MORGAN STANLEY	92.83 USD	+0.29%	+2.39%	151B
	CITY CHIC COLLECTIVE LIMITED	0.43 AUD	+8.86%	+22.86%	67.12M

Latest news about City Chic Collective Limited

City Chic Collective Limited(ASX:CCX) dropped from S&P/ASX All Ordinaries Index	Mar. 17	CI
Jarden Research Adjusts City Chic Collective’s Price Target to AU$0.50 From AU$0.51, Keeps at Neutral	Feb. 27	MT
City Chic Collective Shares Sink 13%; Reports 29% Decline in H1 FY24 Revenue, Narrows Loss	Feb. 26	MT
Transcript : City Chic Collective Limited, H1 2024 Earnings Call, Feb 27, 2024	Feb. 26
City Chic Collective Reports 29% Decline in H1 FY24 Revenue, Narrows Loss	Feb. 26	MT
City Chic Collective Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 26	CI
Transcript : City Chic Collective Limited - Shareholder/Analyst Call	Nov. 21
City Chic Collective Limited(ASX:CCX) dropped from S&P Global BMI Index	23-09-18	CI
City Chic Collective Limited(ASX:CCX) dropped from S&P/ASX Emerging Companies Index	23-09-18	CI
City Chic Collective Swings to Net Loss in Fiscal Year 2023; Shares Fall 4%	23-08-30	MT
Transcript : City Chic Collective Limited, 2023 Earnings Call, Aug 30, 2023	23-08-29
City Chic Collective Limited Reports Earnings Results for the Full Year Ended July 02, 2023	23-08-29	CI
City Chic Collective Divests Evans Business, EMEA Inventory for AU$16 Million	23-08-03	MT
AK Retail Holdings Limited acquired Evans business and EMEA inventory from City Chic Collective Limited for £8 million.	23-08-02	CI
City Chic Collective Limited Announces Management Changes	23-07-21	CI
City Chic Collective Limited(ASX:CCX) added to S&P/ASX Emerging Companies Index	23-03-20	CI
City Chic Collective Limited(ASX:CCX) dropped from S&P/ASX Small Ordinaries Index	23-03-20	CI
City Chic Collective Limited(ASX:CCX) dropped from S&P/ASX 300 Index	23-03-20	CI
Transcript : City Chic Collective Limited, Q2 2023 Earnings Call, Feb 27, 2023	23-02-26
City Chic Collective Limited Reports Earnings Results for the Half Year Ended January 01, 2023	23-02-26	CI
City Chic Collective Limited Reports Earnings Results for the First Half Year Ended January 01, 2023	23-02-26	CI
City Chic Collective Limited Reports Earnings Results for the Second Half Year Ended January 01, 2023	23-02-26	CI
Transcript : City Chic Collective Limited - Shareholder/Analyst Call	22-11-24
City Chic Collective Limited(ASX:CCX) dropped from S&P/ASX 200 Consumer Discretionary Sector Index	22-09-19	CI
City Chic Collective Limited(ASX:CCX) dropped from S&P/ASX 200 Index	22-09-19	CI

Chart City Chic Collective Limited

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Company Profile

City Chic Collective Limited is a global omni-channel retailer specializing in plus-size women's apparel, footwear, and accessories. The Company's brands include City Chic, Avenue, CCX, Hips & Curves, Fox & Royal, and Navabi. City Chic and CCX are dressing for plus women and its omni-channel model comprises of a network of 88 stores across Australia and New Zealand (ANZ) and Websites operating in ANZ, the United States, the United Kingdom, and Europe. Navabi and Avenue target a customer base in the conservative segment. Hips & Curves and Fox & Royal are intimate online brands. The Company owns the European-based online marketplace Navabi and also sells its collective of brands through third-party marketplace and wholesale partners in Australia, New Zealand, the United States, Canada, the United Kingdom, Europe, and the Middle East. The United Kingdom sales are comprised of online and wholesale; Europe is online only; and Middle East business is solely wholesale.

Sector

Apparel & Accessories Retailers

Calendar

2024-08-27 - Q4 2024 Earnings Release (Projected)

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Income Statement Evolution

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Ratings for City Chic Collective Limited

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.43 AUD

Average target price

0.6138 AUD

Spread / Average Target

+42.73%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Women's Apparel Retailers

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CITY CHIC COLLECTIVE LIMITED	-19.63%	67.12M
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EEKA FASHION HOLDINGS LIMITED	-10.44%	1.11B
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TORRID HOLDINGS INC.	-13.34%	522M
SHENZHEN ELLASSAY FASHION CO.,LTD.	-14.94%	392M
SAI SILKS (KALAMANDIR) LIMITED	-26.56%	357M
HONEYS HOLDINGS CO., LTD.	-2.06%	303M
J.JILL, INC.	+0.89%	280M

Women's Apparel Retailers