JD Sports Fashion Plc (LON:JD) Given Average Recommendation of “Hold” by Analysts

Shares of JD Sports Fashion Plc (LON:JD) have been assigned an average rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 232.67.

JD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 460 target price on shares of JD Sports Fashion in a report on Thursday, May 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 155 target price on shares of JD Sports Fashion in a report on Friday, May 8th. Citigroup dropped their target price on shares of JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating on the stock in a report on Wednesday, May 20th. Shore Capital Group reiterated a “hold” rating on shares of JD Sports Fashion in a report on Thursday, May 14th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 840 target price on shares of JD Sports Fashion in a report on Wednesday, May 6th.

JD Sports Fashion Trading Down 3.4%

JD stock opened at GBX 84.48 on Thursday. The company has a market cap of £4.38 billion, a P/E ratio of 844.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The stock’s 50 day moving average is GBX 74.37 and its 200-day moving average is GBX 77.80. 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 Monday, May 11th. The company reported GBX 8.63 EPS for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. The business had revenue of GBX 1,266.20 billion for the quarter. On average, equities research analysts predict that JD Sports Fashion will post 15.037961 earnings per share for the current year.

JD Sports Fashion announced that its board has initiated a share buyback plan on Monday, February 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors 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.