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

JD Sports Fashion (LON:JDGet Free Report) posted its quarterly earnings results on Wednesday. The company reported GBX 3.97 earnings per share 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 Stock Up 6.4%

JD traded up GBX 4.74 on Wednesday, reaching GBX 78.72. 37,526,801 shares of the company traded hands, compared to its average volume of 393,791. The firm has a market capitalization of £4.08 billion, a P/E ratio of 787.20, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23. The firm has a 50 day moving average price of GBX 86.35 and a two-hundred day moving average price of GBX 80.24.

JD Sports Fashion News Summary

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

  • Positive Sentiment: JD Sports signed a franchise agreement with Grupo Axo to open more than 140 stores in Mexico from 2027. The deal gives JD access to Mexico’s expanding activewear market while limiting some of the capital and operating risk associated with a wholly owned rollout. JD Sports signs franchise deal with Axo to enter Mexican market
  • Positive Sentiment: Management maintained its full-year guidance despite a difficult first half. This may reassure investors that the weakness is viewed as temporary and that stronger trading, cost control or the holiday period could support the second half. JD Sports holds guidance as tough conditions weigh on profits
  • Neutral Sentiment: Analysts and commentary describe JD Sports as potentially inexpensive, but argue the discount reflects execution risks, sector challenges and uncertainty over the recovery in key markets. The stock’s very high reported P/E ratio and debt-to-equity ratio may amplify investor sensitivity to earnings disappointments. JD Sports looks cheap for a reason
  • Negative Sentiment: First-half profit fell by roughly a fifth as North American weakness, cost pressures and an unfavorable footwear product cycle hurt performance. Reports also point to weaker sales amid a “tough” consumer backdrop, raising concerns about demand and margins in JD’s largest markets. Cost pressures and footwear cycle push JD Sports profit down a fifth

Wall Street Analysts Forecast Growth

JD has been the subject of a number of analyst reports. Citigroup increased their price target on JD Sports Fashion from GBX 83 to GBX 87 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Berenberg Bank cut their target price on JD Sports Fashion from GBX 155 to GBX 150 and set a “buy” rating for the company in a research report on Friday, August 21st. Shore Capital Group reissued a “hold” rating and set a GBX 75 target price on shares of JD Sports Fashion in a research note on Monday. JPMorgan Chase & Co. dropped their price target on JD Sports Fashion from GBX 90 to GBX 86 and set a “neutral” rating for the company in a research note on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 95 price objective on shares of JD Sports Fashion in a report on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 191.89.

Read Our Latest Analysis 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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