Perpetual exits substantial holder status in Myer Holdings

Myer Holdings Limited ( (AU:MYR) ) has shared an announcement.

Perpetual Limited and its related entities have notified Myer Holdings that they have ceased to be a substantial shareholder in the department store group as of 24 March 2026. The change, lodged under Australia’s substantial holding rules, indicates Perpetual’s voting interest in Myer has fallen below the regulatory threshold that requires disclosure.

While specific transaction details are contained in an annexure, the filing confirms a reduction in Perpetual’s influence over Myer’s shareholder register. The shift may modestly alter Myer’s ownership profile and could be watched by investors for any broader implications for institutional support and governance dynamics at the retailer.

The most recent analyst rating on (AU:MYR) stock is a Buy with a A$0.73 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.

More about Myer Holdings Limited

Myer Holdings Limited is a listed Australian department store operator, trading under the ticker MYR. The company runs large-format retail stores that offer a broad range of consumer goods, including fashion, beauty, homewares, and general merchandise, targeting mainstream shoppers across Australia’s major urban and regional markets.

Average Trading Volume: 7,840,785

Technical Sentiment Signal: Sell

Current Market Cap: A$501M

Learn more about MYR stock on TipRanks’ Stock Analysis page.