JD Sports Fashion (LON:JD) Announces Quarterly Earnings Results

JD Sports Fashion (LON:JDGet Free Report) posted its quarterly earnings data on Wednesday. The company reported GBX 3.97 earnings per share (EPS) for the quarter, Digital Look Earnings reports. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%.

JD Sports Fashion Price Performance

Shares of JD stock traded up GBX 4.74 on Wednesday, hitting GBX 78.72. 37,526,801 shares of the company’s stock were exchanged, compared to its average volume of 393,791. 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 company has a market capitalization of £4.08 billion, a PE ratio of 787.20, a P/E/G ratio of 1.05 and a beta of 1.65. The stock’s 50 day moving average is GBX 86.35 and its 200 day moving average is GBX 80.24.

Key JD Sports Fashion News

Here are the key news stories impacting JD Sports Fashion this week:

  • Positive Sentiment: Guidance was maintained. JD Sports held its full-year outlook despite pressure on profits, suggesting management expects trading conditions to improve or remains confident in its recovery plans. JD Sports holds guidance as tough conditions weigh on profits
  • Positive Sentiment: Mexico expansion offers a growth opportunity. JD Sports agreed a franchise partnership with Axo and plans to open more than 140 stores in Mexico from 2027, giving the group exposure to the country’s growing sportswear and activewear market while limiting some capital requirements through franchising. Citi viewed the move favorably. JD Sports signs franchise deal with Axo to enter Mexican market
  • Neutral Sentiment: Investors are weighing a low valuation against execution risks. JD Sports may appear inexpensive, but the discount reflects weaker earnings, a difficult footwear cycle and uncertainty over when consumer demand will recover. JD Sports looks cheap for a reason
  • Negative Sentiment: First-half profitability deteriorated. Profit fell by roughly a fifth as North American weakness, cost pressures and an unfavorable footwear product cycle weighed on results. The company also reported that sales were weakening amid a “tough” consumer backdrop. Cost pressures and footwear cycle push JD Sports profit down a fifth

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup boosted their price target on JD Sports Fashion from GBX 83 to GBX 87 and gave the company a “neutral” rating in a research note on Friday, August 21st. Berenberg Bank lowered their price objective on JD Sports Fashion from GBX 155 to GBX 150 and set a “buy” rating on the stock in a research note on Friday, August 21st. JPMorgan Chase & Co. dropped their price objective on JD Sports Fashion from GBX 90 to GBX 86 and set a “neutral” rating for the company in a report on Friday, August 21st. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 100 target price on shares of JD Sports Fashion in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 95 price target on shares of JD Sports Fashion in a research report on Thursday, September 3rd. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 191.89.

Check Out Our Latest Stock Report on JD

JD Sports Fashion Company Profile

(Get Free Report)

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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Earnings History for JD Sports Fashion (LON:JD)

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