Shore Capital Group Downgrades JD Sports Fashion (LON:JD) to Hold

JD Sports Fashion (LON:JD) was downgraded by analysts at Shore Capital Group to a “hold” rating in a note issued to investors on Friday, Marketbeat Ratings reports. They currently have a GBX 75 price objective on the stock, down from their previous price objective of GBX 81. Shore Capital Group’s price objective would suggest a potential downside of 5.92% from the stock’s current price.

Several other research firms have also weighed in on JD. JPMorgan Chase & Co. reduced their target price on JD Sports Fashion from GBX 90 to GBX 86 and set a “neutral” rating on the stock in a report on Friday, August 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 100 price target on shares of JD Sports Fashion in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 95 price objective on shares of JD Sports Fashion in a report on Thursday, September 3rd. Berenberg Bank reiterated a “buy” rating and issued a GBX 150 price objective on shares of JD Sports Fashion in a research report on Thursday, September 24th. Finally, Citigroup increased their target price on JD Sports Fashion from GBX 83 to GBX 87 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 191.89.

JD Sports Fashion Stock Down 1.4%

Shares of LON JD opened at GBX 79.72 on Friday. The stock’s fifty day moving average price is GBX 85.06 and its two-hundred day moving average price is GBX 80.36. The company has a market capitalization of £4.13 billion, a PE ratio of 797.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23.

JD Sports Fashion (LON:JD) last released its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 3.97 EPS for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. On average, research analysts anticipate that JD Sports Fashion will post 15.037961 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Peter Agnefjäl bought 320,000 shares of the stock in a transaction on Friday, September 25th. The stock was purchased at an average price of GBX 77 per share, for a total transaction of £246,400. Insiders own 51.91% of the company’s stock.

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.