JDSPY - JD Sports: Building A Global Giant With Hibbett
2024-06-10 09:26:19 ET
Summary
- JD Sports has built a portfolio of global retail brands through organic investments and accretive acquisitions, creating shareholder value with a great return on equity.
- The company announced the acquisition of Hibbett in April, creating the largest single acquisition that JD Sports has done at an EV of $1.1b.
- Currently, no short-term upside seems to exist in the valuation. Further acquisitions or more aggressive organic investments than I anticipate could create great long-term upside, though.
Based in the U.K., JD Sports Fashion plc ( JDSPY ) retails sports-oriented clothing, footwear, and accessories. The company has built a portfolio of brands, now including names such as JD, Size?, Footpatrol, Sport Zone, Aktiesport, Tessuti, and Mainline. JD Sports is also looking forward to adding Hibbett to the portfolio of names with a proposed acquisition announced in April....
JD Sports: Building A Global Giant With Hibbett