JD Sports Fashion (LON:JD) Stock Price Passes Above 200-Day Moving Average – Here’s Why

JD Sports Fashion Plc (LON:JD)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 79.18 and traded as high as GBX 94.82. JD Sports Fashion shares last traded at GBX 93.32, with a volume of 15,797,972 shares.

Analyst Upgrades and Downgrades

JD has been the subject of several recent analyst reports. Citigroup decreased their price target on JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 840 price target on shares of JD Sports Fashion in a report on Wednesday, May 6th. Shore Capital Group reissued a “hold” rating on shares of JD Sports Fashion in a research report on Wednesday, July 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 100 price objective on shares of JD Sports Fashion in a report on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 460 price objective on shares of JD Sports Fashion in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 233.

JD Sports Fashion Price Performance

The firm has a market cap of £4.63 billion, a P/E ratio of 894.60, a P/E/G ratio of 1.05 and a beta of 1.65. The firm’s fifty day simple moving average is GBX 85.35 and its 200 day simple moving average is GBX 79.18. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42.

JD Sports Fashion (LON:JD) last issued its earnings results on Monday, May 11th. The company reported GBX 8.63 earnings per share (EPS) for the quarter. The firm had revenue of GBX 1,266.20 billion for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. As a group, analysts forecast that JD Sports Fashion Plc will post 15.037961 earnings per share for the current year.

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.