JD Sports Fashion (LON:JD) Rating Lowered to “Hold” at Shore Capital

JD Sports Fashion (LON:JD) was downgraded by equities research analysts at Shore Capital to a “hold” rating in a note issued to investors on Monday,Digital Look reports. They currently have a GBX 85 target price on the stock. Shore Capital’s price target suggests a potential upside of 16.63% from the stock’s previous close.

A number of other brokerages have also recently commented on JD. Peel Hunt reissued a “buy” rating and issued a GBX 200 price objective on shares of JD Sports Fashion in a research note on Thursday. Berenberg Bank reissued a “buy” rating and issued a GBX 155 price target on shares of JD Sports Fashion in a research report on Wednesday, September 24th. Citigroup upped their price objective on shares of JD Sports Fashion from GBX 95 to GBX 104 and gave the stock a “neutral” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. reduced their price objective on shares of JD Sports Fashion from GBX 92 to GBX 90 and set a “neutral” rating for the company in a report on Wednesday, September 3rd. Finally, UBS Group restated a “neutral” rating and issued a GBX 84 target price on shares of JD Sports Fashion in a report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, JD Sports Fashion has an average rating of “Hold” and a consensus target price of GBX 114.13.

JD Sports Fashion Stock Down 5.7%

LON:JD traded down GBX 4.40 during trading hours on Monday, reaching GBX 72.88. The company had a trading volume of 34,090,816 shares, compared to its average volume of 393,791. 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 company has a market capitalization of £3.78 billion, a price-to-earnings ratio of 728.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The stock has a fifty day moving average price of GBX 92.22 and a 200-day moving average price of GBX 88.72.

JD Sports Fashion (LON:JD) last released its quarterly earnings data on Wednesday, September 24th. The company reported GBX 4.60 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, equities analysts predict that JD Sports Fashion will post 15.037961 earnings per share for the current year.

JD Sports Fashion declared that its Board of Directors has initiated a share repurchase plan on Thursday, September 25th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are 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.