JD Sports Fashion (LON:JD) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of JD Sports Fashion Plc (LON:JD) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 87.63 and traded as high as GBX 100.60. JD Sports Fashion shares last traded at GBX 99.10, with a volume of 9,212,904 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group restated a “neutral” rating and issued a GBX 84 price target on shares of JD Sports Fashion in a research report on Friday, August 15th. Citigroup raised their price target on JD Sports Fashion from GBX 95 to GBX 104 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Royal Bank Of Canada raised their price target on JD Sports Fashion from GBX 90 to GBX 95 and gave the stock an “outperform” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. lowered their price target 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. Finally, Deutsche Bank Aktiengesellschaft raised their price target on JD Sports Fashion from GBX 85 to GBX 100 and gave the stock a “hold” rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 104.67.

JD Sports Fashion Stock Performance

The firm has a market capitalization of £5.09 billion, a P/E ratio of 983.20, a P/E/G ratio of 1.05 and a beta of 1.65. The firm has a 50-day moving average price of GBX 95.30 and a two-hundred day moving average price of GBX 87.63. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71.

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

JD Sports Fashion announced that its board has authorized a stock repurchase program on Thursday, September 25th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are 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.