The JB Hi-Fi (ASX:JBH) share price is down 9% in a month. Is it a buy?

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fairly easy
The JB Hi-Fi Limited (ASX:JBH) share price has fallen 9% in a month. Is the electronics retailer a buy? Analysts have their say.
Could the JB Hi-Fi share price be an opportunity after falling 9%?

The JB Hi-Fi Limited (ASX: JBH) share price has dropped 9% over the last month. Could that make the electronics retailer a buy after theoretically becoming better value?

Whilst the JB Hi-Fi share price has looked like a bit of a rollercoaster over the last 12 months, it's actually only down by around 3% in the past year. Since the bottom of the COVID-19 crash, the company has seen a sizeable recovery – it has risen almost 90% despite the recent decline.

What has happened for JB Hi-Fi within the last month?

Just under a month ago, JB Hi-Fi handed in its FY21 result.

The company shows that its total sales increased by 12.6% to $8.9 billion. Of that total revenue, $1.1 billion of the revenue was online – an increase of 78.1%. Its online offerings are supported by the supply chain and logistics capabilities.

It benefited from operating leverage throughout the business, which helped earnings before interest and tax (EBIT) increase by 53.8% to $743.1 million and net profit after…
Tristan Harrison
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