JD Sports Fashion Plc (LON:JD) Given Consensus Recommendation of “Hold” by Analysts

JD Sports Fashion Plc (LON:JD) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 232.67.

JD has been the topic of several research reports. Berenberg Bank restated a “buy” rating and issued a GBX 155 price target on shares of JD Sports Fashion in a research report on Friday, May 8th. UBS Group restated a “neutral” rating and issued a GBX 94 price target on shares of JD Sports Fashion in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 460 price target on shares of JD Sports Fashion in a research report on Thursday, May 7th. Citigroup reduced their price objective on JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 840 price objective on shares of JD Sports Fashion in a research note on Wednesday, May 6th.

JD Sports Fashion Trading Down 0.6%

Shares of JD stock opened at GBX 83.56 on Thursday. 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 stock has a 50-day moving average price of GBX 73.37 and a 200-day moving average price of GBX 77.75. The company has a market capitalization of £4.33 billion, a PE ratio of 835.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last issued its 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 for the quarter. As a group, research analysts predict that JD Sports Fashion will post 15.037961 EPS for the current fiscal year.

JD Sports Fashion announced that its Board of Directors has authorized a stock buyback program on Monday, February 23rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is 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.