JD Sports Fashion (LON:JD) Stock Passes Above 200-Day Moving Average of $125.18

JD Sports Fashion Plc (LON:JD) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 125.18 ($1.59) and traded as high as GBX 130.60 ($1.66). JD Sports Fashion shares last traded at GBX 127.05 ($1.61), with a volume of 6,183,249 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on JD. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 172 ($2.18) price target on shares of JD Sports Fashion in a research report on Tuesday, June 11th. Shore Capital reissued a “buy” rating on shares of JD Sports Fashion in a research report on Wednesday, May 29th. Citigroup reissued a “buy” rating and issued a GBX 925 ($11.73) price objective on shares of JD Sports Fashion in a research report on Tuesday, April 23rd. Finally, Barclays increased their price objective on shares of JD Sports Fashion from GBX 150 ($1.90) to GBX 165 ($2.09) and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, JD Sports Fashion presently has a consensus rating of “Buy” and a consensus price target of GBX 546.75 ($6.94).

JD Sports Fashion Trading Up 0.5 %

The company has a quick ratio of 0.71, a current ratio of 1.36 and a debt-to-equity ratio of 95.32. The stock has a market capitalization of £6.54 billion, a P/E ratio of 3,158.75, a P/E/G ratio of 0.96 and a beta of 1.57. The firm’s 50 day simple moving average is GBX 122.43 and its two-hundred day simple moving average is GBX 125.18.

JD Sports Fashion Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 13th will be issued a dividend of GBX 0.60 ($0.01) per share. This is a boost from JD Sports Fashion’s previous dividend of $0.30. This represents a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, June 13th. JD Sports Fashion’s dividend payout ratio (DPR) is currently 2,500.00%.

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.