JD Sports Fashion’s (JD) “Buy” Rating Reiterated at Shore Capital

JD Sports Fashion (LON:JD)‘s stock had its “buy” rating restated by research analysts at Shore Capital in a report released on Wednesday,Digital Look reports.

A number of other equities research analysts have also recently issued reports on JD. Deutsche Bank Aktiengesellschaft boosted their price objective on JD Sports Fashion from GBX 85 to GBX 100 and gave the stock a “hold” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. reduced their target price on shares of JD Sports Fashion from GBX 92 to GBX 90 and set a “neutral” rating for the company in a research report on Wednesday, September 3rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 155 price target on shares of JD Sports Fashion in a research report on Wednesday, September 24th. Royal Bank Of Canada raised their target price on shares of JD Sports Fashion from GBX 90 to GBX 95 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 84 price target on shares of JD Sports Fashion in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, JD Sports Fashion has an average rating of “Hold” and an average price target of GBX 104.67.

JD Sports Fashion Price Performance

Shares of JD Sports Fashion stock opened at GBX 90.08 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23. The firm’s 50-day simple moving average is GBX 95.40 and its two-hundred day simple moving average is GBX 88.30. The firm has a market cap of £4.67 billion, a P/E ratio of 900.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

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

JD Sports Fashion announced that its board has authorized a stock repurchase program on Thursday, September 25th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically 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.