JD Sports Fashion (LON:JD) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

JD Sports Fashion Plc (LON:JD)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 78.40 and traded as high as GBX 86.80. JD Sports Fashion shares last traded at GBX 86.72, with a volume of 12,591,858 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JD. Citigroup decreased their target price on JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating for the company in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 460 price target on shares of JD Sports Fashion in a research report on Thursday, May 7th. Berenberg Bank reissued a “buy” rating and issued a GBX 155 price objective on shares of JD Sports Fashion in a report on Friday, May 8th. Shore Capital Group restated a “hold” rating on shares of JD Sports Fashion in a research report on Thursday, May 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 840 target price on shares of JD Sports Fashion in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 232.67.

JD Sports Fashion Stock Up 2.2%

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’s 50 day moving average price is GBX 77.27 and its two-hundred day moving average price is GBX 78.40. The firm has a market cap of £4.49 billion, a price-to-earnings ratio of 867.20, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last issued its quarterly earnings results on Monday, May 11th. The company reported GBX 8.63 earnings per share (EPS) for the quarter. The firm had revenue of GBX 1,266.20 billion for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. As a group, sell-side analysts forecast that JD Sports Fashion Plc will post 15.037961 earnings per share for the current fiscal year.

JD Sports Fashion declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 23rd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management 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.