JD Sports Fashion (LON:JD) Posts Earnings Results

JD Sports Fashion (LON:JD) released its earnings results on Monday. The company reported GBX 8.63 earnings per share for the quarter, Digital Look Earnings reports. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%.The company had revenue of GBX 1,266.20 billion during the quarter.

JD Sports Fashion Trading Down 3.0%

JD stock opened at GBX 69.50 on Wednesday. The business’s 50-day moving average price is GBX 72.38 and its 200-day moving average price is GBX 79.39. The company has a market cap of £3.60 billion, a PE ratio of 695.00, a PEG ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 460 price objective on shares of JD Sports Fashion in a research report on Thursday, May 7th. Jefferies Financial Group restated a “buy” rating and set a GBX 840 target price on shares of JD Sports Fashion in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reiterated a “no recommendation” rating on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Shore Capital Group reissued a “hold” rating on shares of JD Sports Fashion in a research note on Wednesday, May 6th. Finally, UBS Group restated a “neutral” rating and issued a GBX 94 price objective on shares of JD Sports Fashion in a report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 233.

JD Sports Fashion announced that its Board of Directors has approved a share repurchase program on Monday, February 23rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is 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.