JB Hi-Fi Limited
Industry: Consumer Discretionary
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JBH Details
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Challenging retail environment: JB Hi-Fi Limited (ASX: JBH) stock corrected over 3.2% on April 19, 2016 at the back of investors’ concerns over the group’s ability to survive the rising competition from online retailers like Amazon. On the other hand, JBH managed to report a top line increase of 7.7% for the first half of 2016 to $2.12 billion despite the challenging retail conditions across Australia. Comparable sales rose by 5.2% yoy while NPAT surged by 7.5% yoy to $95.2 million.
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Recommendation: JBH is trading at a reasonable P/E and has a decent dividend yield. We give a “Hold” recommendation on the stock at the current price of $21.63
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JB Hi-Fi Limited growing presence (Source: Company Reports)
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