JD Sports Fashion (LON:JD) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened
by Scott Moore · The Cerbat GemJD Sports Fashion Plc (LON:JD – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 78.40 and traded as high as GBX 86.80. JD Sports Fashion shares last traded at GBX 86.72, with a volume of 12,591,858 shares changing hands.
Analysts Set New Price Targets
JD has been the subject of a number of analyst reports. Shore Capital Group restated a “hold” rating on shares of JD Sports Fashion in a research report on Thursday, May 14th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 155 target price on shares of JD Sports Fashion in a report on Friday, May 8th. Citigroup dropped their price target on shares of JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. UBS Group reissued a “neutral” rating and set a GBX 94 price target on shares of JD Sports Fashion in a report on Tuesday, May 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 840 price objective on shares of JD Sports Fashion in a report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, JD Sports Fashion has an average rating of “Hold” and a consensus target price of GBX 232.67.
JD Sports Fashion Trading Up 2.2%
The firm has a market cap of £4.49 billion, a price-to-earnings ratio of 867.20, a PEG 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. The business has a fifty day moving average of GBX 77.27 and a two-hundred day moving average of GBX 78.40.
JD Sports Fashion (LON:JD – Get Free Report) last released its quarterly earnings data 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 during the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. As a group, equities analysts expect that JD Sports Fashion Plc will post 15.037961 earnings per share for the current fiscal year.
JD Sports Fashion announced that its board has authorized a stock buyback plan on Monday, February 23rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board 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.