JD Sports Fashion Plc (LON:JD) Given Consensus Recommendation of “Hold” by Brokerages

JD Sports Fashion Plc (LON:JD) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 233.

A number of brokerages have issued reports on JD. JPMorgan Chase & Co. reiterated a “no recommendation” rating on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 840 price objective on shares of JD Sports Fashion in a report on Wednesday, May 6th. Shore Capital Group reiterated a “hold” rating on shares of JD Sports Fashion in a research report on Thursday. Royal Bank Of Canada lowered their target price on shares of JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating on the stock in a research note on Monday, February 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 155 price target on shares of JD Sports Fashion in a research note on Friday, May 8th.

JD Sports Fashion Trading Down 1.5%

Shares of LON:JD opened at GBX 68.46 on Friday. The company has a 50 day moving average price of GBX 71.94 and a 200 day moving average price of GBX 78.95. The firm has a market capitalization of £3.55 billion, a price-to-earnings ratio of 684.60, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23.

JD Sports Fashion (LON:JD) last issued its quarterly earnings data on Monday, May 11th. The company reported GBX 8.63 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%.The business had revenue of GBX 1,266.20 billion during the quarter. Analysts predict that JD Sports Fashion will post 15.037961 EPS for the current year.

JD Sports Fashion declared that its Board of Directors has initiated a share repurchase plan on Monday, February 23rd that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication 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. 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.