JD Sports Fashion’s (JD) Hold Rating Reaffirmed at Shore Capital Group

JD Sports Fashion (LON:JD)‘s stock had its “hold” rating restated by analysts at Shore Capital Group in a research note issued on Thursday,London Stock Exchange reports.

Several other equities research analysts have also recently commented on JD. Jefferies Financial Group restated a “buy” rating and issued a GBX 840 target price on shares of JD Sports Fashion in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reaffirmed a “no recommendation” rating on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Royal Bank Of Canada lowered their target price on JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating on the stock in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 460 target price on shares of JD Sports Fashion in a research report on Thursday, May 7th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 94 target price on shares of JD Sports Fashion in a research report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 233.

JD Sports Fashion Trading Down 3.0%

JD stock opened at GBX 69.50 on Thursday. The business’s fifty day simple moving average is GBX 72.13 and its 200-day simple moving average is GBX 79.18. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23. The company has a market capitalization of £3.60 billion, a price-to-earnings ratio of 695.00, a PEG ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last posted its earnings results on Monday, May 11th. The company reported GBX 8.63 earnings per share for the quarter. The firm had revenue of GBX 1,266.20 billion for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. On average, analysts forecast that JD Sports Fashion will post 15.037961 earnings per share for the current year.

JD Sports Fashion declared that its board has approved a stock repurchase plan on Monday, February 23rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are 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.