JD Sports Fashion (LON:JD) Issues Quarterly Earnings Results

JD Sports Fashion (LON:JD) announced its quarterly earnings results on Monday. The company reported GBX 8.63 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 1,266.20 billion during the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%.

JD Sports Fashion Price Performance

Shares of LON JD opened at GBX 75.08 on Monday. The stock has a market cap of £3.89 billion, a PE ratio of 750.80, a P/E/G ratio of 1.05 and a beta of 1.65. The company’s 50-day simple moving average is GBX 72.82 and its 200-day simple moving average is GBX 79.87. 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

A number of research firms recently issued reports on JD. JPMorgan Chase & Co. reissued a “no recommendation” rating on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Shore Capital Group reissued a “hold” rating on shares of JD Sports Fashion in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 460 price target on shares of JD Sports Fashion in a research report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 840 price target on shares of JD Sports Fashion in a research note on Wednesday, May 6th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 94 price target on shares of JD Sports Fashion in a research note on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, JD Sports Fashion currently has a consensus rating of “Hold” and an average target price of GBX 233.

JD Sports Fashion declared that its Board of Directors has initiated a share repurchase plan on Monday, February 23rd that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.