Shore Capital Group Reaffirms “Hold” Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JD)‘s stock had its “hold” rating reiterated by stock analysts at Shore Capital Group in a research note issued on Thursday, MarketBeat reports.

Several other equities analysts also recently weighed in on JD. Citigroup decreased their target price on JD Sports Fashion from GBX 87 to GBX 86 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. reiterated a “no recommendation” rating on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 460 price objective on shares of JD Sports Fashion in a research report on Thursday, May 7th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 840 price objective on shares of JD Sports Fashion in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada reduced their price objective on JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating on the stock in a research report on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, JD Sports Fashion has a consensus rating of “Hold” and an average price target of GBX 233.

JD Sports Fashion Stock Up 2.5%

JD opened at GBX 72.02 on Thursday. 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 stock has a market capitalization of £3.73 billion, a P/E ratio of 720.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The firm’s 50-day moving average is GBX 71.86 and its two-hundred day moving average is GBX 78.89.

JD Sports Fashion (LON:JD) last posted its quarterly earnings data on Monday, May 11th. The company reported GBX 8.63 earnings per share (EPS) for the quarter. The business had revenue of GBX 1,266.20 billion for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. On average, research analysts forecast that JD Sports Fashion will post 15.037961 EPS for the current year.

JD Sports Fashion announced that its Board of Directors has authorized a stock repurchase program on Monday, February 23rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally 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. It offers its products under the JD, Size?, Footpatrol, Finish Line, Shoe Palace, DTLR, Livestock, Sprinter, Sport Zone, Sizeer, JD Gyms, Tessuti, Scotts, Go Outdoors, Blacks, Millets, Tiso, Ultimate Outdoors, Fishing Republic, and Naylors brands.