Latest news with #JBHi-FiLimited
Business Insider
5 hours ago
- Business
- Business Insider
Ord Minnett downgrades JB Hi-Fi Limited (JBH) to a Sell
In a report released today, from Ord Minnett downgraded JB Hi-Fi Limited to a Sell, with a price target of A$97.00. The company's shares opened today at A$111.22. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In addition to Ord Minnett, JB Hi-Fi Limited also received a Sell from Morgan Stanley's Melinda Baxter in a report issued today. However, on the same day, UBS upgraded JB Hi-Fi Limited (ASX: JBH) to a Hold. The company has a one-year high of A$118.33 and a one-year low of A$70.71. Currently, JB Hi-Fi Limited has an average volume of 324.7K.
Sky News AU
a day ago
- Business
- Sky News AU
JB Hi-Fi's share price nosedives on Monday after announcing CEO Terry Smart's resignation despite massive profit jump
A major Australian retailer's share price has dived despite posting a hefty profit for the 2025 financial year, as its long-serving CEO revealed he was stepping down later this year. JB Hi-Fi Limited, which includes the electronics retailer alongside The Good Guys and e&s, on Monday announced its profit increased 5.4 per cent to $462.4m while sales jumped 10 per cent in the year to July 1. Despite the stellar results and the delivery of a $2.75 per share dividend for the full financial year, news that the electronics retailer's long-running boss Terry Smart was exiting - and that its chief operating officer Nick Wells would step up - spooked investors. The share price plunged 8.2 per cent on Monday, wiping more than $950m off the stock's market capitalization. It currently trades at about $108, significantly below its high of more than $120 when trading began on Monday. Investors were also cautious about the company's enormous share price, which has soared more than 48 per cent over the past 12 months - greatly outpacing the company's earnings. The incoming CEO, who will take on the top job from October 3, was praised by Mr Smart in the financial results. 'I have worked very closely with Nick for many years, particularly since my reappointment as group chief executive in 2021,' Mr Smart told investors on Monday. 'Nick has a great knowledge of the group's businesses and is highly respected by both our team members and stakeholders. 'With the support of the best retail management team in the market, I am sure that the group will continue to go from strength to strength under Nick's leadership.' Farhan Badami, a market analyst at eToro, said JB Hi-Fi's performance during the 2025 financial year stood out in an otherwise 'cautious consumer environment'. 'While many retailers have battled margin pressure from higher costs and weaker discretionary spending, JB Hi-Fi has leaned on brand strength, pricing discipline and a diversified product mix to keep sales momentum alive,' Mr Badami said. He said the retailer may continue to shine in the coming financial year as further budget relief is expected for millions of Australians. 'With high interest rates still squeezing household budgets but potential RBA cuts on the horizon, JB Hi-Fi's value positioning and tight cost control could see the tills ring even louder in FY26,' Mr Badami said. JB Hi-Fi Australia's strong result was lifted by a 16.4 per cent increase of online sales, with computer, mobile phone and gaming hardware sales - driven partly by the Nintendo Switch 2 - pushing the surge. The Good Guys' profit lifted 8.2 per cent in the 2025 financial year, while e&s - which JB Hi-Fi purchased a 75 per cent stake in almost a year ago - reported a 5.2 per cent sales jump for the period of ownership.
Business Insider
22-07-2025
- Business
- Business Insider
JB Hi-Fi Limited (JBH) was downgraded to a Hold Rating at Macquarie
Macquarie analyst downgraded JB Hi-Fi Limited to a Hold today and set a price target of A$112.00. The company's shares opened today at A$105.91. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Currently, the analyst consensus on JB Hi-Fi Limited is a Hold with an average price target of A$96.57. Based on JB Hi-Fi Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$5.67 billion and a net profit of A$285.4 million. In comparison, last year the company earned a revenue of A$5.16 billion and had a net profit of A$264.3 million
Business Insider
22-07-2025
- Business
- Business Insider
JB Hi-Fi Limited (JBH) Receives a Buy from Citi
Citi analyst Adrian Lemme maintained a Buy rating on JB Hi-Fi Limited today and set a price target of A$110.00. The company's shares opened today at A$105.91. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Lemme is a 4-star analyst with an average return of 9.2% and a 65.08% success rate. Lemme covers the Consumer Cyclical sector, focusing on stocks such as Super Retail Group Limited, Wesfarmers Limited, and JB Hi-Fi Limited. Currently, the analyst consensus on JB Hi-Fi Limited is a Hold with an average price target of A$93.39.
Business Insider
14-05-2025
- Business
- Business Insider
JB Hi-Fi Limited (JBH) Receives a Buy from Bell Potter
Bell Potter analyst Chami Ratnapala maintained a Buy rating on JB Hi-Fi Limited (JBH – Research Report) today and set a price target of A$114.00. The company's shares opened today at A$103.70. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Ratnapala covers the Consumer Cyclical sector, focusing on stocks such as Harvey Norman Holdings Ltd, and Retail Food Group. According to TipRanks, Ratnapala has an average return of 13.0% and a 53.19% success rate on recommended stocks. In addition to Bell Potter, JB Hi-Fi Limited also received a Buy from Citi's Adrian Lemme in a report issued on May 6. However, on May 8, Morgans maintained a Hold rating on JB Hi-Fi Limited (ASX: JBH).
