JD Sports Fashion (LON:JD – Get Free Report) issued its earnings results on Monday. The company reported GBX 8.63 earnings per share for the quarter, Digital Look Earnings reports. The firm 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
JD opened at GBX 75.08 on Monday. The firm’s 50 day moving average price is GBX 72.82 and its two-hundred day moving average price is GBX 79.87. The stock has a market cap of £3.89 billion, a price-to-earnings ratio of 750.80, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on JD. JPMorgan Chase & Co. restated a “no recommendation” rating on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 460 price objective on shares of JD Sports Fashion in a research note on Thursday. Shore Capital Group restated a “hold” rating on shares of JD Sports Fashion in a research report on Wednesday, May 6th. UBS Group reaffirmed a “neutral” rating and issued a GBX 94 price target on shares of JD Sports Fashion in a report on Tuesday, May 5th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 155 price target on shares of JD Sports Fashion in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 233.
JD Sports Fashion declared that its Board of Directors has approved a stock buyback plan on Monday, February 23rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors 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.
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