Citigroup Has Lowered Expectations for JD Sports Fashion (LON:JD) Stock Price

JD Sports Fashion (LON:JD) had its price target lowered by stock analysts at Citigroup from GBX 86 to GBX 83 in a note issued to investors on Wednesday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 9.90% from the stock’s previous close.

Other analysts have also issued reports about the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 840 target price on shares of JD Sports Fashion in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reiterated a “no recommendation” rating on shares of JD Sports Fashion in a research note on Thursday, January 22nd. UBS Group restated a “neutral” rating and set a GBX 94 target price on shares of JD Sports Fashion in a research note on Tuesday, May 5th. Royal Bank Of Canada dropped their price objective on shares of JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating on the stock in a report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 460 price objective on shares of JD Sports Fashion in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, JD Sports Fashion currently has a consensus rating of “Hold” and an average price target of GBX 232.67.

JD Sports Fashion Price Performance

Shares of JD opened at GBX 75.52 on Wednesday. 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 firm’s 50-day moving average is GBX 71.72 and its 200 day moving average is GBX 78.37. The stock has a market cap of £3.91 billion, a price-to-earnings ratio of 755.20, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last announced its quarterly earnings results on Monday, May 11th. The company reported GBX 8.63 EPS for the quarter. The business had revenue of GBX 1,266.20 billion for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. On average, sell-side analysts anticipate that JD Sports Fashion will post 15.037961 earnings per share for the current year.

JD Sports Fashion announced that its Board of Directors has approved a stock repurchase program on Monday, February 23rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are 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.