Street View-Australia's JB Hi-Fi gains as brokerages optimistic about growth despite competition

JB Hi-Fi

12/08/2025 02:02

Updates

** Shares of JB Hi-Fi JBH.AX rise as much as 6.3% to A$114.60, their strongest trading session yet since early April

** The electronics retailer among top gainers in benchmark S&P/ASX 200 index .AXJO

** Co reports a 5.4% rise in annual NPAT to A$462.4 mln($301.25 mln), declares special dividend of 100 Australian cents

** Co appoints Nick Wells as CEO as veteran CEO Terry Smart departs

GROWTH-FRIENDLY CLIMATE; CEO EXIT RAISES NO EYEBROWS

** Analysts at Morningstar raise fair value estimate on co by 3% to A$45.5, reflecting slightly higher sales

** Jefferies notes strong sales momentum, solid gross margin and cost-control outlook; CEO transition to Nick Wells from October not seen as major surprise

** Bell Potter increases price target to A$119.00 apiece from A$114.00; retains view of co as one of the most productive retailers globally

** Jarden lifts PT to A$95.70 per share, sees co well-placed to benefit from replacement cycle, innovation and market share gains; CEO exit not unexpected

   ($1 = 1.5349 Australian dollars)

 (Reporting by Rishav Chatterjee and Shivangi Lahiri in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))