研報掘金丨國盛證券:維持海瀾之家“買入”評級,主業發展穩健、分紅具備吸引力
國盛證券研報指出,海瀾之家是大衆服飾品牌龍頭之一,男裝主業規模穩健、優勢突出,品牌零售管理新業務(京東奧萊+FCC)未來增速較快、成長空間廣闊。過去估值與基本面業績表現強相關,主業發展穩健、分紅具備吸引力;近期新業務拓展逐步落地,有望帶動估值中樞提升。當前股價對應2025年PE爲14x,當前總市值347億元;目標市值430億元,對應2026年PE爲15倍,空間20%以上,維持“買入”評級。
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