JD Sports Fashion’s (JD) “Buy” Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of JD Sports Fashion (LON:JD) in a research note published on Wednesday morning, Marketbeat.com reports.

A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of JD Sports Fashion from GBX 85 to GBX 100 and gave the company a “hold” rating in a report on Tuesday, August 19th. Citigroup raised their target price on shares of JD Sports Fashion from GBX 95 to GBX 104 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Royal Bank Of Canada lifted their price target on shares of JD Sports Fashion from GBX 90 to GBX 95 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Berenberg Bank reiterated a “buy” rating and set a GBX 155 price objective on shares of JD Sports Fashion in a research report on Wednesday, September 24th. Finally, UBS Group reissued a “neutral” rating and set a GBX 84 price objective on shares of JD Sports Fashion in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 104.67.

JD Sports Fashion Price Performance

JD opened at GBX 84.46 on Wednesday. The business has a fifty day moving average price of GBX 94.65 and a 200 day moving average price of GBX 88.32. 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 capitalization of £4.38 billion, a P/E ratio of 844.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last issued its quarterly earnings results on Wednesday, September 24th. The company reported GBX 4.60 earnings per share (EPS) for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. Equities analysts expect that JD Sports Fashion will post 15.037961 EPS for the current fiscal year.

JD Sports Fashion declared that its board has approved a share repurchase program on Thursday, September 25th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

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.