JD Sports Fashion Plc (LON:JD) Receives GBX 104.67 Average PT from Brokerages

JD Sports Fashion Plc (LON:JD) has been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 104.67.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of JD Sports Fashion from GBX 92 to GBX 90 and set a “neutral” rating on the stock in a report on Wednesday, September 3rd. Shore Capital restated a “hold” rating on shares of JD Sports Fashion in a research note on Monday, October 6th. Berenberg Bank restated a “buy” rating and issued a GBX 155 target price on shares of JD Sports Fashion in a research note on Wednesday, September 24th. UBS Group restated a “neutral” rating and issued a GBX 84 target price on shares of JD Sports Fashion in a research note on Friday, August 15th. Finally, Royal Bank Of Canada upped their target price on shares of JD Sports Fashion from GBX 90 to GBX 95 and gave the stock an “outperform” rating in a research note on Friday, August 8th.

JD Sports Fashion Stock Up 0.4%

JD Sports Fashion stock opened at GBX 100.70 on Wednesday. The business has a fifty day simple moving average of GBX 94.70 and a 200-day simple moving average of GBX 86.65. 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 market cap of £5.22 billion, a P/E ratio of 1,007.00, a PEG ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last posted 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%. As a group, sell-side analysts expect that JD Sports Fashion will post 15.037961 earnings per share for the current fiscal year.

JD Sports Fashion declared that its Board of Directors 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are generally 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.