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State Street Exits Substantial Shareholder Position in Nick Scali

Story Highlights
  • Nick Scali is a branded furniture retailer focused on mid to upper market segments in Australia and New Zealand.
  • State Street Global Advisors and affiliates have ceased to be substantial shareholders in Nick Scali, slightly reshaping its institutional investor base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
State Street Exits Substantial Shareholder Position in Nick Scali

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Nick Scali Limited ( (AU:NCK) ) has provided an announcement.

State Street Global Advisors and related State Street Corporation subsidiaries have filed a notice that they have ceased to be substantial shareholders in Nick Scali Limited as at 23 January 2026. The change reflects a reduction in their relevant voting interest below the substantial holding threshold, signalling a shift in the company’s institutional shareholder base that may marginally alter voting dynamics but does not, in itself, indicate any change to Nick Scali’s operations or strategic direction.

The most recent analyst rating on (AU:NCK) stock is a Hold with a A$28.00 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 Limited is an Australian-listed furniture retailer, specialising in lounges, dining, and home furnishings, with a focus on the mid‑to‑upper value segment of the market. The company operates through a network of showrooms and an expanding online presence, targeting consumers seeking branded, design‑led furniture across Australia and New Zealand.

Average Trading Volume: 295,543

Technical Sentiment Signal: Buy

Current Market Cap: A$2.19B

See more insights into NCK stock on TipRanks’ Stock Analysis page.

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