The S&P/ASX 200 Index (ASX: XJO) has climbed nearly 6% higher in the first two weeks of April, after dropping 8% through March. But some stocks are travelling in the opposite direction.
Harvey Norman Holdings Ltd (ASX: HVN), Life360 Inc (ASX: 360) and Super Retail Group Ltd (ASX: SUL) are three ASX 200 shares which have dropped to a 52-week low recently.
Here's a rundown of what has pushed their share prices lower, and what we can expect next.
The ASX 200 shares to buy
Harvey Norman shares hit a fresh 52-week low of $4.66 at the time of writing on Tuesday lunchtime. The share price also dropped over 12% in February alone and has continued to tumble another 13% through March. The trend has continued through the first two weeks of April too.
It looks like investors quickly took their profits off the table in late-February after Harvey Norman shares enjoyed a strong rally through late 2025.
But the retail giant has faced strong headwinds over the past year off the back of renewed concerns about rising inflation and how that will impact consumer spending. Tighter household budgets mean Australians are spending less discretionary items this year.
Market Index data shows that brokers now think the shares are below fair value. They rate the ASX 200 stock as a buy with an average target price of $6.29. That implies a potential 35.2% upside at the time of writing.
Another beaten-down ASX 200 stock that brokers are even more positive about is Life360. The US-based software development company's shares fell to a 52-week low of $17.91 at close of the ASX on Monday afternoon.
The shares have rebounded today, climbing 4.4% to $18.70 at the time of writing, but they're still 42.4% lower for the year-to-date and over 66% lower since the stock peaked at an all-time high of $55.87 recorded in October last year.
The ASX 200 stock has suffered a volatile few months after it was caught up in the tech-sector-wide sell-off. This was driven by a growing fear that companies' core services could be replaced by AI. At the same time, there was concern that tech sector share prices, including Life360, had become overinflated.
But brokers are very bullish that the share price could start soaring higher. They have a strong buy consensus rating with the potential to climb 91.5% to $35.78, at the time of writing.
And one to hold
Just because an ASX 200 stock has fallen to a 52-week low, it doesn't necessarily mean it's below fair value.
For example, Super Retail Group shares closed at a one-year low of $12.50 when the bell sounded on the ASX on Monday afternoon. While the shares have climbed 1.5% at the time of writing today, to $12.69, they're still down nearly 20% for the year-to-date.
The share price has tumbled since August last year off the back of declining revenue figures, tighter margins and rising operating costs. Higher inflation is also dampening consumer spending, which affects the company's margins.
While the shares have tumbled, brokers are hesitant about what to expect next. Market Index indicates brokers have a hold rating on the ASX 200 stock with a $16.44 target price. However, that still implies a 30% upside at the time of writing.
The post These 3 ASX 200 stocks hit a 52-week low: Buy, sell or hold? appeared first on The Motley Fool Australia.
Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Life360 and Super Retail Group. The Motley Fool Australia has positions in and has recommended Harvey Norman, Life360, and Super Retail Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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