Shore Capital Group Reiterates “Hold” Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JD)‘s stock had its “hold” rating reissued by Shore Capital Group in a report released on Thursday,London Stock Exchange reports.

Several other equities analysts have also weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 840 price objective on shares of JD Sports Fashion in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reaffirmed a “no recommendation” rating on shares of JD Sports Fashion in a research note on Thursday, January 22nd. UBS Group reaffirmed a “neutral” rating and issued a GBX 94 price objective on shares of JD Sports Fashion in a research note on Tuesday, May 5th. Royal Bank Of Canada reduced their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 460 price objective on shares of JD Sports Fashion in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 233.

JD Sports Fashion Stock Down 3.0%

Shares of JD stock opened at GBX 69.50 on Thursday. The stock has a market capitalization of £3.60 billion, a PE ratio of 695.00, a P/E/G ratio of 1.05 and a beta of 1.65. The firm has a fifty day moving average price of GBX 72.13 and a two-hundred day moving average price of GBX 79.18. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23.

JD Sports Fashion (LON:JD) last posted its quarterly earnings data on Monday, May 11th. The company reported GBX 8.63 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 during the quarter. On average, sell-side analysts anticipate that JD Sports Fashion will post 15.037961 earnings per share for the current year.

JD Sports Fashion announced that its Board of Directors has authorized a stock repurchase plan on Monday, February 23rd that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership 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.