Royal Bank Of Canada Reiterates “Outperform” Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JD)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 100 target price on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 20.98% from the company’s previous close.

Several other brokerages have also recently issued reports on JD. UBS Group reaffirmed a “neutral” rating and issued a GBX 94 target price on shares of JD Sports Fashion in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 460 price target on shares of JD Sports Fashion in a research note on Thursday, May 7th. Shore Capital Group reaffirmed a “hold” rating on shares of JD Sports Fashion in a research note on Thursday, May 14th. Citigroup decreased their price objective on JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating on the stock in a report on Wednesday, May 20th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 155 target price on shares of JD Sports Fashion in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 234.11.

JD Sports Fashion Trading Down 3.1%

JD traded down GBX 2.68 during trading on Tuesday, hitting GBX 82.66. 12,028,929 shares of the company traded hands, compared to its average volume of 393,791. The company has a market cap of £4.28 billion, a P/E ratio of 826.60, a PEG ratio of 1.05 and a beta of 1.65. The stock has a 50-day moving average price of GBX 77.51 and a 200-day moving average price of GBX 78.46. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42.

JD Sports Fashion (LON:JD) last announced its quarterly earnings results on Monday, May 11th. The company reported GBX 8.63 earnings per share (EPS) for the quarter. The company 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 expect that JD Sports Fashion will post 15.037961 EPS for the current year.

JD Sports Fashion announced that its board has initiated a stock repurchase plan on Monday, February 23rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors 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.