Berenberg Bank Reaffirms “Buy” Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JD)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report issued on Monday, Digital Look reports. They currently have a GBX 150 price target on the stock. Berenberg Bank‘s price target indicates a potential upside of 63.15% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 95 price target on shares of JD Sports Fashion in a research note on Thursday, September 3rd. Shore Capital Group downgraded JD Sports Fashion to a “hold” rating and reduced their price target for the stock from GBX 81 to GBX 75 in a research report on Friday, October 2nd. JPMorgan Chase & Co. decreased their price target on shares of 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. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 100 price objective on shares of JD Sports Fashion in a report on Monday, August 3rd. Finally, Citigroup lifted their price objective on shares of JD Sports Fashion from GBX 83 to GBX 87 and gave the company a “neutral” rating in a report on Friday, August 21st. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 110.88.

JD Sports Fashion Stock Down 1.5%

JD Sports Fashion stock opened at GBX 91.94 on Monday. The firm has a 50-day simple moving average of GBX 83.54 and a 200-day simple moving average of GBX 81.14. 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 company has a market capitalization of £4.76 billion, a PE ratio of 919.40, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX 3.97 earnings per share (EPS) for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. As a group, sell-side analysts anticipate that JD Sports Fashion will post 15.04 EPS for the current year.

Insiders Place Their Bets

In other news, insider Peter Agnefjäl bought 320,000 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were acquired at an average cost of GBX 77 per share, for a total transaction of £246,400. Insiders own 51.91% of the company’s stock.

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.