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The latest update is out from Nick Scali Limited ( (AU:NCK) ).
Pinnacle Investment Management Group Limited and its listed subsidiaries have notified Nick Scali Ltd that they have ceased to be a substantial shareholder in the furniture retailer as of 27 February 2026. The change, lodged under Australia’s Corporations Act, indicates Pinnacle’s relevant interest in Nick Scali’s voting securities has fallen below the substantial holding threshold, signalling a shift in the company’s institutional ownership profile but with no reported changes in associate relationships.
The cessation follows a previous substantial holding notice lodged in December 2025 and reflects transactions detailed in annexures accompanying the regulatory filing. While financial terms of the changes were not disclosed in the public summary of the form, the move may modestly alter the balance of influence among Nick Scali’s major shareholders, potentially opening room for other institutional or retail investors to increase their stakes.
The most recent analyst rating on (AU:NCK) stock is a Hold with a A$19.20 price target. To see the full list of analyst forecasts on Nick Scali Limited stock, see the AU:NCK Stock Forecast page.
More about Nick Scali Limited
Nick Scali Ltd is an Australian furniture retailer specialising in lounges, dining and bedroom furniture, targeting the mid to upper segments of the home furnishings market. The company operates through a network of showrooms and online channels, focusing on branded, design-led products for residential customers across Australia and New Zealand.
Average Trading Volume: 390,357
Technical Sentiment Signal: Hold
Current Market Cap: A$1.54B
For an in-depth examination of NCK stock, go to TipRanks’ Overview page.