JD Sports Fashion (LON:JD) Announces Earnings Results

JD Sports Fashion (LON:JD) issued its quarterly earnings results on Wednesday. The company reported GBX 3.97 EPS for the quarter, Digital Look Earnings reports. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%.

JD Sports Fashion Stock Performance

Shares of LON JD traded up GBX 2.22 during trading hours on Friday, hitting GBX 76.44. The company’s stock had a trading volume of 11,846,113 shares, compared to its average volume of 393,791. The stock has a 50 day moving average price of GBX 85.98 and a 200-day moving average price of GBX 80.25. The stock has a market capitalization of £3.96 billion, a PE ratio of 764.40, 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.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 95 target price on shares of JD Sports Fashion in a report on Thursday, September 3rd. Citigroup upped their price target on shares of JD Sports Fashion from GBX 83 to GBX 87 and gave the company a “neutral” rating in a research report on Friday, August 21st. Shore Capital Group reaffirmed a “hold” rating and set a GBX 75 price objective on shares of JD Sports Fashion in a research note on Monday. Berenberg Bank reissued a “buy” rating and issued a GBX 150 target price on shares of JD Sports Fashion in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on JD Sports Fashion from GBX 90 to GBX 86 and set a “neutral” rating for the company in a report on Friday, August 21st. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 191.89.

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. 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.