JD Sports Fashion (LON:JD) Downgraded by Shore Capital to “Hold”

Shore Capital lowered shares of JD Sports Fashion (LON:JD) to a hold rating in a research report released on Monday, Marketbeat Ratings reports. The brokerage currently has GBX 85 price objective on the stock.

Several other research analysts have also recently commented on JD. JPMorgan Chase & Co. reduced their target price on JD Sports Fashion from GBX 92 to GBX 90 and set a “neutral” rating for the company in a research report on Wednesday, September 3rd. UBS Group restated a “neutral” rating and issued a GBX 84 price objective on shares of JD Sports Fashion in a research note on Friday, August 15th. Royal Bank Of Canada raised their price objective on shares of JD Sports Fashion from GBX 90 to GBX 95 and gave the stock an “outperform” rating in a report on Friday, August 8th. Berenberg Bank reiterated a “buy” rating and set a GBX 155 target price on shares of JD Sports Fashion in a research report on Wednesday, September 24th. Finally, Citigroup increased their price target on shares of JD Sports Fashion from GBX 95 to GBX 104 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 113.50.

JD Sports Fashion Stock Down 5.7%

JD stock opened at GBX 72.88 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23. The firm has a market capitalization of £3.78 billion, a P/E ratio of 728.80, a PEG ratio of 1.05 and a beta of 1.65. The business’s fifty day moving average price is GBX 91.87 and its 200-day moving average price is GBX 88.65.

JD Sports Fashion (LON:JD) last announced its quarterly earnings data on Wednesday, September 24th. The company reported GBX 4.60 EPS for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. On average, equities research analysts anticipate that JD Sports Fashion will post 15.037961 EPS for the current year.

JD Sports Fashion declared that its board has approved a share buyback plan on Thursday, September 25th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About JD Sports Fashion

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.