19/04/2024 09:22

JB Hi-Fi Ltd (JBH) $61.86

This household name is currently our favourite local retailer, but we’re not on an island, which makes ideal entry tough. However, the interest rate headwind might just allow us to buy JBH in our target area; so far, being patient feels prudent as discretionary spending looks to suffer from higher interest rates.

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16/04/2024 09:23

JB Hi-Fi Ltd (JBH) $62.65

We have been fans of this top-quality retailer for a long time, having targeted the stock into pullbacks, something it's not unaccustomed to delivering. If bond markets further abandon the hopes of interest rate cuts, we could see the retail sector underperform the broader market, e.g. the US sector fell -1.6% overnight.

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04/04/2024 09:08

JB Hi-Fi (JBH) $63.93

Household name JB Hi-Fi has enjoyed a few positive mentions by MM through 2024, and our stance hasn’t changed; we are keen on the top quality retailer into pullbacks – JBH has advanced 20.6% in 2024.

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12/03/2024 09:04

JB Hi-Fi (JBH) $58.51

JBH has been a standout performer over the last six months, but it has lost its mojo over recent weeks after posting fresh all-time highs following an impressive 1H result; we've discussed JBH a few times in 2024; the market feels like it was simply caught too long. Yesterday, the music and electronic goods retailer was the sector's worst performer, falling -1.7%.

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08/03/2024 09:04

JB Hi-Fi Ltd (JBH) $58.75

JBH roared to fresh all-time highs following its impressive 1H result, which beat consensus expectations by ~5% on most levels. We continue to believe this household name is a quality business, but it’s been feeling like a “crowded” position of late, having retraced over 10% in a rising market

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29/02/2024 09:12

JB Hi-Fi Ltd (JBH) $60.92

JBH has traded to fresh all-time highs this month following a solid 1H result, which topped consensus expectations by ~5% on most metrics. This is a quality business, but it has run hard, and as we can see over the last few years, it is “human” and capable of a decent pullback at times. Our ideal buy area is ~6% lower, which is not a big call as investors weigh up whether retail stocks can add to their strong last 6-months.

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12/02/2024 17:11

JB Hi-Fi (JBH) $60.58

JBH +7.13%: the retailer cracked new all-time highs today following a strong 1H results presentation. While numbers were broadly lower vs 1H23 (total sales fell 2.2% to $5.2n, while profit fell 20% to $264.3m), they still topped consensus expectations by ~5% on most metrics.

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12/10/2023 09:17

JBH Hi-Fi Ltd (JBH) $46.82

JBH is likely to receive money from a large number of subscribers into Christmas, especially for children and grandchildren presents. The concern with their report in August was that FY24 had started off slowly, which coincides with people becoming more cautious with how they use/spend their discretionary dollars. Understandably, the company didn’t provide firm FY24 guidance, but they did note a slowdown in sales for July for their larger brands.

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14/08/2023 16:31

JB Hi-Fi (JBH) $48.51

JBH +2.75%: the retailer came through with a small beat to expectations at their FY23 results today, however, FY24 has started slowly as the crunch on discretionary spending picks up.

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04/08/2023 09:55

JB Hi-Fi (JBH) $45.35

JBH is a high-quality retailer with a great model hence the stock's relative resilience over the last 12 months. Because they are generally better than their competitors, market share gains have offset weaker sales across the categories they operate in.

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