JD Sports Fashion (LON:JD) Receives Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of JD Sports Fashion (LON:JD) in a report issued on Thursday, Marketbeat Ratings reports.

Several other equities research analysts have also recently commented on JD. Berenberg Bank boosted their price target on JD Sports Fashion from GBX 128 to GBX 155 and gave the company a “buy” rating in a research note on Wednesday, August 27th. Royal Bank Of Canada increased their price objective on JD Sports Fashion from GBX 90 to GBX 95 and gave the company an “outperform” rating in a research report on Friday, August 8th. Citigroup raised their target price on JD Sports Fashion from GBX 92 to GBX 95 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. UBS Group reaffirmed a “neutral” rating and issued a GBX 84 target price on shares of JD Sports Fashion in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. dropped their price objective on JD Sports Fashion from GBX 92 to GBX 90 and set a “neutral” rating for the company in a research note on Wednesday, September 3rd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 103.17.

JD Sports Fashion Stock Up 0.7%

JD opened at GBX 88.58 on Thursday. The firm’s 50-day moving average price is GBX 90.42 and its 200 day moving average price is GBX 83.08. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The stock has a market capitalization of £4.59 billion, a price-to-earnings ratio of 885.80, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last posted its quarterly earnings data on Wednesday, September 24th. The company reported GBX 4.60 earnings per share (EPS) for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. Equities analysts expect that JD Sports Fashion will post 15.037961 earnings per share for the current fiscal year.

JD Sports Fashion declared that its board has authorized a stock buyback plan on Thursday, September 25th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

JD Sports Fashion Company Profile

JD Sports Fashion plc engages in the retail of branded sports fashion and outdoor clothing, footwear, accessories, and equipment for kids, women, and men. It operates through Sports Fashion and Outdoor segments. The company also retails leisure goods, sports goods, fishing gear, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel.