JD Sports Fashion (LON:JD) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

JD Sports Fashion Plc (LON:JD)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 82.10 and traded as high as GBX 91.33. JD Sports Fashion shares last traded at GBX 91.16, with a volume of 12,330,923 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective 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 reissued a “sector perform” rating and set a GBX 100 target price on shares of JD Sports Fashion in a research note on Monday, August 3rd. Peel Hunt reissued a “hold” rating on shares of JD Sports Fashion in a report on Friday, October 2nd. Berenberg Bank restated a “buy” rating and issued a GBX 150 price target on shares of JD Sports Fashion in a research note on Thursday, September 24th. Finally, Shore Capital Group downgraded JD Sports Fashion to a “hold” rating and decreased their price target for the company from GBX 81 to GBX 75 in a research note on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 191.89.

JD Sports Fashion Price Performance

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 stock’s fifty day moving average price is GBX 83.35 and its 200-day moving average price is GBX 82.16. The firm has a market cap of £4.64 billion, a PE ratio of 896.00, a P/E/G ratio of 1.05 and a beta of 1.65.

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%. As a group, equities analysts forecast that JD Sports Fashion Plc will post 15.04 EPS for the current fiscal year.

Insider Activity

In related news, insider Peter Agnefjäl purchased 320,000 shares of JD Sports Fashion stock in a transaction dated Friday, September 25th. The stock was bought at an average cost 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.