Temple & Webster Group Ltd traded at 12.48 this Tuesday February 3rd, increasing 0.15 or 1.22 percent since the previous trading session. Looking back, over the last four weeks, Temple & Webster gained 3.70 percent. Over the last 12 months, its price fell by 10.47 percent. Looking ahead, we forecast Temple & Webster Group Ltd to be priced at 11.81 by the end of this quarter and at 11.10 in one year, according to Trading Economics global macro models projections and analysts expectations.
Temple & Webster Group Ltd is an Australia-based pure play online retailer of furniture and homewares. The Company has over 200,000 products on sale from hundreds of suppliers. The Company runs a drop-shipping model whereby products are sent directly to customers by suppliers, enabling faster delivery times and reducing the need to hold inventory, allowing for a larger product range. The drop ship range is complemented by a private label range which is sourced directly by the Company from overseas suppliers. It operates in one segment being the sale of furniture, homewares, and home improvement products through its online platforms. Its Trade & Commercial division services the business to business (B2B) market, offering exclusive product ranges, procurement, styling, specialized delivery and installation services through a dedicated support team. It also offers a range of home improvement products that customers need to renovate and redecorate their homes.