JD Sports Fashion (LON:JD) Earns Hold Rating from Shore Capital

JD Sports Fashion (LON:JD)‘s stock had its “hold” rating reiterated by investment analysts at Shore Capital in a research report issued on Monday,London Stock Exchange reports.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup upped their target price on shares of JD Sports Fashion from GBX 95 to GBX 104 and gave the company a “neutral” rating in a report on Friday. UBS Group reaffirmed a “neutral” rating and issued a GBX 84 price objective on shares of JD Sports Fashion in a research report on Friday, August 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 155 target price on shares of JD Sports Fashion in a research note on Wednesday, September 24th. JPMorgan Chase & Co. dropped their price target on JD Sports Fashion from GBX 92 to GBX 90 and set a “neutral” rating on the stock in a research note on Wednesday, September 3rd. Finally, Royal Bank Of Canada lifted their price objective on shares of JD Sports Fashion from GBX 90 to GBX 95 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 104.67.

JD Sports Fashion Stock Up 0.4%

JD stock opened at GBX 103.30 on Monday. The company has a market capitalization of £5.35 billion, a P/E ratio of 1,033.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42. The company has a fifty day moving average of GBX 91.34 and a 200 day moving average of GBX 84.03.

JD Sports Fashion (LON:JD) last issued its earnings results on Wednesday, September 24th. The company reported GBX 4.60 earnings per share for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. On average, equities research analysts anticipate that JD Sports Fashion will post 15.037961 EPS for the current fiscal year.

JD Sports Fashion declared that its board has approved a share buyback program on Thursday, September 25th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication 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.