JD Sports Fashion (LON:JD) Stock Passes Above 200-Day Moving Average – Should You Sell?

JD Sports Fashion Plc (LON:JD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 78.69 and traded as high as GBX 83.92. JD Sports Fashion shares last traded at GBX 81.74, with a volume of 11,312,055 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on JD shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 840 price target on shares of JD Sports Fashion in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 460 price objective on shares of JD Sports Fashion in a research report on Thursday, May 7th. Citigroup reduced their price objective on shares of JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating for the company in a research note on Wednesday, May 20th. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 75 target price on shares of JD Sports Fashion in a report on Wednesday, July 1st. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 155 price target on shares of JD Sports Fashion in a report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, JD Sports Fashion presently has a consensus rating of “Hold” and a consensus price target of GBX 233.

JD Sports Fashion Price Performance

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 capitalization of £4.22 billion, a PE ratio of 814.40, a PEG ratio of 1.05 and a beta of 1.65. The firm has a 50-day moving average of GBX 79.98 and a 200 day moving average of GBX 78.69.

JD Sports Fashion (LON:JD) last issued its earnings results on Monday, May 11th. The company reported GBX 8.63 earnings per share for the quarter. The business had revenue of GBX 1,266.20 billion during the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. As a group, research analysts anticipate that JD Sports Fashion Plc will post 15.037961 earnings per share for the current fiscal 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.