JD Sports Fashion (LON:JD) Given New GBX 83 Price Target at Citigroup

JD Sports Fashion (LON:JD) had its price objective dropped by investment analysts at Citigroup from GBX 86 to GBX 83 in a report issued on Wednesday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 9.90% from the stock’s previous close.

Several other research firms have also commented on JD. Shore Capital Group reaffirmed a “hold” rating on shares of JD Sports Fashion in a research report on Thursday, May 14th. UBS Group reissued a “neutral” rating and issued a GBX 94 price target on shares of JD Sports Fashion in a report on Tuesday, May 5th. JPMorgan Chase & Co. reaffirmed a “no recommendation” rating on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 460 target price on shares of JD Sports Fashion in a report on Thursday, May 7th. Finally, Royal Bank Of Canada lowered their target price on JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating on the stock in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 232.67.

JD Sports Fashion Stock Performance

LON JD opened at GBX 75.52 on Wednesday. The stock has a market capitalization of £3.91 billion, a price-to-earnings ratio of 755.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. 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 50 day simple moving average of GBX 71.72 and a 200 day simple moving average of GBX 78.37.

JD Sports Fashion (LON:JD) last announced its quarterly earnings data on Monday, May 11th. The company reported GBX 8.63 earnings per share for the quarter. The business had revenue of GBX 1,266.20 billion for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. Equities analysts predict that JD Sports Fashion will post 15.037961 EPS for the current fiscal year.

JD Sports Fashion announced that its board has initiated a stock repurchase program on Monday, February 23rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership 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. 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.