JD Sports Fashion (LON:JD) Shares Cross Above 200 Day Moving Average – Should You Sell?

JD Sports Fashion Plc (LON:JD)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 78.79 and traded as high as GBX 87.72. JD Sports Fashion shares last traded at GBX 87.38, with a volume of 12,572,348 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 75 price objective on shares of JD Sports Fashion in a research report on Wednesday, July 1st. UBS Group reissued a “neutral” rating and set a GBX 94 target price on shares of JD Sports Fashion in a report on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 840 price target on shares of JD Sports Fashion in a research note on Wednesday, May 6th. Citigroup cut their price target on JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating for the company in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 100 price objective on shares of JD Sports Fashion in a report on Tuesday, June 23rd. Four equities 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, JD Sports Fashion has a consensus rating of “Hold” and a consensus target price of GBX 233.

JD Sports Fashion Stock Down 0.5%

The firm has a 50-day moving average price of GBX 81.96 and a 200 day moving average price of GBX 78.79. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The company has a market cap of £4.50 billion, a price-to-earnings ratio of 869.40, a P/E/G ratio of 1.05 and a beta of 1.65.

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

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.