Shore Capital Group Reaffirms “Hold” Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JD)‘s stock had its “hold” rating reissued by analysts at Shore Capital Group in a research note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 75 price target on the stock. Shore Capital Group’s price target would suggest a potential downside of 7.73% from the stock’s previous close.

A number of other analysts have also weighed in on the company. JPMorgan Chase & Co. lowered their target price 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. Berenberg Bank reiterated a “buy” rating and set a GBX 150 price target on shares of JD Sports Fashion in a research report on Thursday, September 24th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 100 price objective on shares of JD Sports Fashion in a report on Monday, August 3rd. Citigroup raised their price objective on shares of JD Sports Fashion from GBX 83 to GBX 87 and gave the company a “neutral” rating in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 95 target price on shares of JD Sports Fashion in a research note on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, JD Sports Fashion has an average rating of “Hold” and an average price target of GBX 191.89.

JD Sports Fashion Price Performance

LON JD opened at GBX 81.28 on Wednesday. The company has a market cap of £4.21 billion, a price-to-earnings ratio of 812.80, a PEG ratio of 1.05 and a beta of 1.65. The stock’s 50 day simple moving average is GBX 85.16 and its 200 day simple moving average is GBX 80.36. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42.

JD Sports Fashion (LON:JD) last issued its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 3.97 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%. As a group, equities analysts expect that JD Sports Fashion will post 15.037961 earnings per share for the current year.

Insider Activity

In related news, insider Peter Agnefjäl purchased 320,000 shares of JD Sports Fashion stock in a transaction dated Friday, September 25th. The shares were acquired at an average cost of GBX 77 per share, for a total transaction of £246,400. 51.91% of the stock is owned by corporate insiders.

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.