JD Sports Fashion (LON:JD) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

JD Sports Fashion Plc (LON:JD)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 78.79 and traded as high as GBX 87.72. JD Sports Fashion shares last traded at GBX 87.38, with a volume of 12,572,348 shares.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JD. Shore Capital Group restated a “hold” rating and issued a GBX 75 price target on shares of JD Sports Fashion in a research note on Wednesday, July 1st. Citigroup decreased their price objective on shares of JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating for the company in a research note on Wednesday, May 20th. Berenberg Bank reissued a “buy” rating and issued a GBX 155 target price on shares of JD Sports Fashion in a research report on Thursday, July 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 100 target price on shares of JD Sports Fashion in a report on Tuesday, June 23rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 94 target price on shares of JD Sports Fashion in a report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 233.

JD Sports Fashion Stock Performance

The firm has a fifty day moving average of GBX 81.96 and a 200-day moving average of GBX 78.79. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23. The stock has a market capitalization of £4.50 billion, a price-to-earnings ratio of 869.40, a PEG ratio of 1.05 and a beta of 1.65.

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

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.