JD Sports Fashion (LON:JD) Shares Pass Above 200-Day Moving Average of $153.53

JD Sports Fashion Plc (LON:JD – Get Rating)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 153.53 ($1.91) and traded as high as GBX 159.93 ($1.99). JD Sports Fashion shares last traded at GBX 155.95 ($1.94), with a volume of 8,323,199 shares.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of JD Sports Fashion from GBX 205 ($2.55) to GBX 210 ($2.61) and gave the company an “overweight” rating in a research report on Tuesday, February 28th. Numis Securities reaffirmed a “reduce” rating and issued a GBX 475 ($5.91) price objective on shares of JD Sports Fashion in a research report on Friday, March 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JD Sports Fashion in a research report on Tuesday, February 21st. Peel Hunt reaffirmed a “hold” rating and issued a GBX 700 ($8.71) price objective on shares of JD Sports Fashion in a research report on Thursday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 640 ($7.96) price target on shares of JD Sports Fashion in a research report on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, JD Sports Fashion presently has a consensus rating of “Moderate Buy” and an average target price of GBX 345.63 ($4.30).

JD Sports Fashion Price Performance

The stock has a fifty day moving average of GBX 165.96 and a 200-day moving average of GBX 153.51. The company has a quick ratio of 0.71, a current ratio of 1.59 and a debt-to-equity ratio of 93.13. The stock has a market capitalization of £7.70 billion, a price-to-earnings ratio of 4,955.00, a P/E/G ratio of 1.35 and a beta of 1.61.

JD Sports Fashion Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, July 6th will be paid a GBX 0.67 ($0.01) dividend. The ex-dividend date is Thursday, July 6th. This represents a yield of 0.39%. This is a boost from JD Sports Fashion’s previous dividend of $0.13. JD Sports Fashion’s payout ratio is currently 3,333.33%.

Insider Transactions at JD Sports Fashion

In other JD Sports Fashion news, insider Ian Dyson acquired 40,000 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was purchased at an average price of GBX 171 ($2.13) per share, for a total transaction of £68,400 ($85,074.63). Company insiders own 52.13% of the company’s stock.

About JD Sports Fashion

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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, watches, jewellery, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel.