JD Sports Fashion (LON:JD) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of JD Sports Fashion Plc (LON:JD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 77.94 and traded as high as GBX 87.16. JD Sports Fashion shares last traded at GBX 86.46, with a volume of 9,034,713 shares trading hands.

Wall Street Analyst Weigh In

JD has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 460 price objective on shares of JD Sports Fashion in a research report on Thursday, May 7th. Citigroup decreased their price objective on JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating on the stock in a research report on Wednesday, May 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 840 price objective on shares of JD Sports Fashion in a research report on Wednesday, May 6th. Berenberg Bank restated a “buy” rating and set a GBX 155 price objective on shares of JD Sports Fashion in a research report on Friday, May 8th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 94 target price on shares of JD Sports Fashion in a research note on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 232.67.

JD Sports Fashion Stock Performance

The stock has a market cap of £4.55 billion, a P/E ratio of 877.80, a PEG ratio of 1.05 and a beta of 1.65. The business has a 50 day moving average price of GBX 75.67 and a 200 day moving average price of GBX 78. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23.

JD Sports Fashion (LON:JD) last released its earnings results on Monday, May 11th. The company reported GBX 8.63 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, sell-side analysts expect that JD Sports Fashion Plc will post 15.037961 EPS for the current year.

JD Sports Fashion declared that its board has approved a share repurchase plan on Monday, February 23rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is 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. 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.