If you are looking for from ASX dividend stocks, then it could be worth considering ( ). That's the view of analysts at Morgans, which see plenty of value in its shares at current levels. In addition, the broker is forecasting that are comfortably ahead of market averages.
Let's see what a $10,000 investment in Universal Store's shares could turn into. What is Universal Store? Firstly, in case you're not familiar with the company, let's take a quick look at Universal Store. Universal Store owns a portfolio of premium youth fashion brands and omni-channel retail and wholesale businesses.
Its principal businesses are Universal Store and the Thrills, Worship, and Perfect Stranger brands. At present, the company operates 100 physical stores across Australia, in addition to online channels. It notes that its strategy is to grow and develop its premium youth fashion apparel brands and retail formats to deliver a carefully curated selection of on-trend apparel products to a target 16-35 year-old fashion focused customer.
$10,000 invested in this ASX dividend stock If you were to invest $10,000 (and an extra $2.97) into the company's shares, you would end up owning 2,029 units. According to a note out of Morgans, its analysts have an add rating and $6.
50 price target on its shares. This implies potential upside of almost 32% for investors and would value your holding at $13,188.50.
Commenting on its bullish view, Morgans said: Our positive view about the fundamental long-term appeal .