The sister of Boohoo co-founder Mahmud Kamani has reduced her stake in the fashion giant.
Rabia Kamani now has a holding of just under 4% in the Manchester-headquartered group.
Documents filed with the London Stock Exchange confirmed she had lowered her stake from just under 5%.
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The move comes after a City analyst said Boohoo's "prospects look good" as long as it can manage its way out of the post-Covid period.
Panmure Gordan revealed its conclusions after the fashion retailer posted its results the 12 months to February 28, 2022, recently.
The firm has also dropped its target share price for Boohoo from 140p to 120p. On the afternoon of Friday, May 13, the company's share price was just over 80p.
Boohoo's brands include BoohooMAN, Karen Millen, Nasty Gal, PrettyLittleThing, Coast, Misspap, Oasis, Warehouse, Burton, Wallis, Dorothy Perkins and Debenhams.
