JD Sports Fashion (LON:JD) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

JD Sports Fashion Plc (LON:JD)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 78.69 and traded as high as GBX 83.92. JD Sports Fashion shares last traded at GBX 81.74, with a volume of 11,312,055 shares.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and set a GBX 100 price target on shares of JD Sports Fashion in a report on Tuesday, June 23rd. Shore Capital Group reaffirmed a “hold” rating and set a GBX 75 price objective on shares of JD Sports Fashion in a research note on Wednesday, July 1st. Berenberg Bank reiterated a “buy” rating and set a GBX 155 price objective on shares of JD Sports Fashion in a research report on Thursday, July 2nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 840 target price on shares of JD Sports Fashion in a research note on Wednesday, May 6th. Finally, Citigroup lowered their target price on shares of JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating for the company in a report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 233.

JD Sports Fashion Stock Performance

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 business has a 50 day moving average price of GBX 80.24 and a 200 day moving average price of GBX 78.71. The stock has a market cap of £4.34 billion, a P/E ratio of 838.20, a PEG ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last issued its quarterly earnings results on Monday, May 11th. The company reported GBX 8.63 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%.The firm had revenue of GBX 1,266.20 billion during the quarter. As a group, sell-side analysts expect that JD Sports Fashion Plc will post 15.037961 EPS for the current year.

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.