JD Sports Fashion’s (JD) Hold Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their hold rating on shares of JD Sports Fashion (LON:JD) in a research note released on Wednesday,Digital Look reports.

Several other analysts have also issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating on the stock in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of JD Sports Fashion from GBX 490 to GBX 460 and set a “sell” rating for the company in a research note on Monday, March 23rd. Citigroup dropped their price objective on shares of JD Sports Fashion from GBX 87 to GBX 86 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Berenberg Bank reissued a “buy” rating and issued a GBX 155 price objective on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Finally, UBS Group reissued a “neutral” rating and issued a GBX 94 price objective on shares of JD Sports Fashion in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 233.

JD Sports Fashion Trading Up 2.8%

LON JD opened at GBX 75.08 on Wednesday. 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 firm has a market cap of £3.89 billion, a price-to-earnings ratio of 750.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The stock’s 50-day moving average price is GBX 72.82 and its 200 day moving average price is GBX 79.87.

JD Sports Fashion announced that its board has approved a share repurchase program 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. Stock repurchase programs are usually a sign that the company’s management believes its stock is 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.