JD Sports Fashion (LON:JD) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

JD Sports Fashion Plc (LON:JD) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 77.76 and traded as high as GBX 87.16. JD Sports Fashion shares last traded at GBX 85.42, with a volume of 37,187,480 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup cut 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 research report on Wednesday, May 20th. Shore Capital Group restated a “hold” rating on shares of JD Sports Fashion in a report on Thursday, May 14th. UBS Group reiterated a “neutral” rating and set a GBX 94 price objective on shares of JD Sports Fashion in a report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 840 price objective on shares of JD Sports Fashion in a research report on Wednesday, May 6th. 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 research note on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 232.67.

JD Sports Fashion Price Performance

The company’s 50-day simple moving average is GBX 71.91 and its 200 day simple moving average is GBX 77.76. The company has a market capitalization of £4.42 billion, a P/E ratio of 854.20, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23.

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

JD Sports Fashion declared that its board has authorized a stock buyback plan on Monday, February 23rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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.