JD Sports Fashion (LON:JD) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

JD Sports Fashion Plc (LON:JD) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 86.08 ($1.15) and traded as high as GBX 96.46 ($1.29). JD Sports Fashion shares last traded at GBX 95.48 ($1.28), with a volume of 7,943,580 shares.

Analyst Ratings Changes

Several analysts have recently commented on JD shares. Citigroup increased their target price on shares of JD Sports Fashion from GBX 95 to GBX 104 and gave the company a “neutral” rating in a report on Friday, October 3rd. UBS Group reiterated a “neutral” rating and issued a GBX 84 target price on shares of JD Sports Fashion in a report on Friday, August 15th. Royal Bank Of Canada increased their target price on shares of JD Sports Fashion from GBX 90 to GBX 95 and gave the company an “outperform” rating in a report on Friday, August 8th. Shore Capital reiterated a “hold” rating on shares of JD Sports Fashion in a report on Monday, October 6th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 155 target price on shares of JD Sports Fashion in a report on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 104.67.

JD Sports Fashion Price Performance

The business’s fifty day moving average is GBX 94.03 and its 200-day moving average is GBX 86.08. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a market cap of £4.95 billion, a PE ratio of 954.80, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last posted its quarterly earnings data on Wednesday, September 24th. The company reported GBX 4.60 earnings per share (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 predict that JD Sports Fashion Plc will post 15.037961 earnings per share for the current fiscal year.

JD Sports Fashion declared that its Board of Directors has authorized a share repurchase program on Thursday, September 25th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership 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.