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Temple & Webster Group Ltd ( (AU:TPW) ) has shared an update.
Temple & Webster Group Ltd announced a change in the director’s interest, as CEO and Co-Founder Mark Coulter sold 1.6 million shares, retaining approximately 83% of his total shareholdings. Coulter emphasized his continued commitment to the company and its long-term strategy, stating that he has no plans to sell more shares in the near future. This move is aligned with the company’s Securities Dealing Policy and reflects Coulter’s confidence in the company’s direction.
The most recent analyst rating on (AU:TPW) stock is a Buy with a A$34.32 price target. To see the full list of analyst forecasts on Temple & Webster Group Ltd stock, see the AU:TPW Stock Forecast page.
More about Temple & Webster Group Ltd
Temple & Webster is Australia’s leading online retailer of furniture and homewares. Founded in 2011, the company operates a drop-shipping model that allows products to be sent directly to customers by suppliers, facilitating faster delivery and a larger product range. The company also offers a private label range and a growing selection of home improvement products, as well as Trade & Commercial solutions for business customers. Temple & Webster is listed on the Australian Securities Exchange under the code TPW.
Average Trading Volume: 332,865
Technical Sentiment Signal: Buy
Current Market Cap: A$2.82B
For an in-depth examination of TPW stock, go to TipRanks’ Overview page.