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Michael Hill International Ltd. ( (AU:MHJ) ) just unveiled an update.
Michael Hill International Ltd. faced a challenging FY25 with subdued consumer demand and inflationary pressures impacting margins. The company focused on cost management, productivity improvements, and AI integration to enhance operations and maintain stability. Despite these efforts, no dividends were declared for FY25. The company is undergoing leadership transitions, with the appointment of a new CEO, Jonathan Waecker, who is expected to guide the company towards growth and profitability. The legacy of the company’s founder, Sir Michael Hill, and former CEO, Daniel Bracken, continues to inspire the team as they navigate these changes.
The most recent analyst rating on (AU:MHJ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Michael Hill International Ltd. stock, see the AU:MHJ Stock Forecast page.
More about Michael Hill International Ltd.
Michael Hill International Ltd. operates in the retail industry, focusing on jewelry products. The company is known for its emphasis on visual merchandising and customer engagement, with a market presence primarily in Australia and New Zealand.
Average Trading Volume: 117,826
Technical Sentiment Signal: Sell
Current Market Cap: A$138.5M
For an in-depth examination of MHJ stock, go to TipRanks’ Overview page.