J.P. Morgan kept Sell rating for LPP stock at PLN 23,000

Published on 10/09/2026 at 11:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LPP lifted second-quarter net profit 48.00 percent to PLN 768 million. LPP stock trades at EUR 5,697.50 on October 9, 2026, with a EUR 5,670.00 bid.

Key points in brief

LPP stock was trading at EUR 5,697.50 at Lang & Schwarz on October 9, 2026 at 11:45 a.m. CEST.
Second-quarter 2026 revenue reached PLN 6.6 billion, up 18.00 percent year over year.
Net profit rose 48.00 percent to PLN 768 million, while gross margin reached 57.70 percent.
J.P. Morgan maintained a Sell rating with a PLN 23,000.00 price target on October 6, 2026.

LPP, PLLPP0000011, Illustration mit AI erstellt.

LPP (PLLPP0000011) was trading at EUR 5,697.50 at Lang & Schwarz on October 9, 2026 at 11:45 a.m. CEST, with a EUR 5,670.00 bid and EUR 5,725.00 ask. On October 6, 2026, Markets Insider reported that J.P. Morgan maintained a Sell rating and a PLN 23,000.00 price target for the Warsaw-listed retailer.

Three milestones shaped the stock

On July 10, 2026, shareholders approved a total dividend of PLN 900.00 per share for fiscal 2025, according to GPW Alert. The second tranche is PLN 500.00 per share.

On September 17, 2026, LPP reported second-quarter revenue of PLN 6.6 billion, up 18.00 percent year over year in constant currencies, while net profit rose 48.00 percent to PLN 768 million, according to LPP.

On October 6, 2026, J.P. Morgan kept its Sell rating and PLN 23,000.00 target, as reported by Markets Insider. The target is below the PLN 24,960.00 primary-exchange quote supplied for LPP.WA at 9:36 a.m. UTC on October 9, 2026.

What does the margin upgrade mean?

LPP raised its full-year gross margin target to 56.50-57.00 percent from 56.00 percent. The company also set its net profit margin target at 10.00-11.00 percent and its EBITDA margin target at 24.00-25.00 percent, according to the September 17 release.

The second-quarter gross margin reached 57.70 percent, an increase of 3.70 percentage points year over year. E-commerce revenue rose 16.40 percent, while store sales increased 18.60 percent, giving the earnings improvement two distinct operating drivers.

Two dates remain on the calendar

The second dividend tranche of PLN 500.00 per share is scheduled for October 30, 2026, according to PPCG Stock. The next expanded report for the third quarter of fiscal 2026/27 is listed for December 3, 2026.

LPP's primary listing is on the Warsaw Stock Exchange, where the stock is included in the WIG20 index. The company operates the Reserved, Cropp, House, Mohito and Sinsay brands and had more than 4,000 stores in the September 17 release.