JD Sports Fashion (LON:JD) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of JD Sports Fashion Plc (LON:JD) passed 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 traded.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group restated a “neutral” rating and issued a GBX 94 target price on shares of JD Sports Fashion in a research note on Tuesday, May 5th. Shore Capital Group reaffirmed a “hold” rating on shares of JD Sports Fashion in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reaffirmed 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 lowered their price target 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. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 155 price target on shares of JD Sports Fashion in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, JD Sports Fashion currently has an average rating of “Hold” and an average target price of GBX 232.67.

JD Sports Fashion Trading Up 0.1%

The stock’s fifty day simple moving average is GBX 72.16 and its 200-day simple moving average is GBX 77.78. The firm has a market cap of £4.43 billion, a PE ratio of 855.00, a PEG ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71.

JD Sports Fashion (LON:JD) last posted 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 net margin of 3.17% and a return on equity of 14.97%. The business had revenue of GBX 1,266.20 billion during the quarter. On average, sell-side analysts forecast that JD Sports Fashion Plc will post 15.037961 earnings per share for the current year.

JD Sports Fashion announced that its board has approved a stock buyback plan on Monday, February 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board 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.