Jefferies lifts PT on Australia's JB Hi-Fi; eyes special dividend

Nintendo

03/08/2025 23:02

** Jefferies raises JB Hi-Fi JBH.AX PT to A$98 from A$87; retains "hold" rating ahead of August results

** Broker says lack of updates since Q3 sales points to results landing broadly in line with consensus

** Says launch of Nintendo Switch 2 in June could provide a modest sales boost for the retailer due to its higher average selling price

** Forecasts final dividend of A$1.08 per share and a special dividend of A$1.20

** Expects JBH to offer a trading update for early 1H26 and commentary on category trends, discounting and cost pressures

** Three of 13 analysts rate the stock "buy" or higher, seven "hold" and three "sell" or lower; their median PT is A$98 – according to data compiled by LSEG

** Stock up 21.53% YTD

 (Reporting by Rishav Chatterjee in Bengaluru; editing by Diane Craft)

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