JD Sports Fashion (LON:JD) Cut to Hold at Shore Capital Group

Shore Capital Group downgraded shares of JD Sports Fashion (LON:JD) to a hold rating in a research note issued to investors on Friday, Marketbeat Ratings reports. Shore Capital Group currently has GBX 75 price objective on the stock, down from their previous price objective of GBX 81.

Several other equities research analysts have also weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 100 target price on shares of JD Sports Fashion in a report on Monday, August 3rd. JPMorgan Chase & Co. cut their price target on shares of JD Sports Fashion from GBX 90 to GBX 86 and set a “neutral” rating for the company in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 95 price target on shares of JD Sports Fashion in a research report on Thursday, September 3rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 150 price objective on shares of JD Sports Fashion in a research note on Thursday, September 24th. Finally, Citigroup raised their price objective on shares of JD Sports Fashion from GBX 83 to GBX 87 and gave the stock a “neutral” rating in a report on Friday, August 21st. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 191.89.

JD Sports Fashion Price Performance

Shares of JD stock opened at GBX 79.72 on Friday. The company has a 50 day moving average of GBX 85.06 and a two-hundred day moving average of GBX 80.41. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23. The firm has a market cap of £4.13 billion, a price-to-earnings ratio of 797.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last released its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 3.97 earnings per share (EPS) for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. On average, research analysts anticipate that JD Sports Fashion will post 15.037961 earnings per share for the current year.

Insider Transactions at JD Sports Fashion

In related news, insider Peter Agnefjäl purchased 320,000 shares of JD Sports Fashion stock in a transaction that occurred on Friday, September 25th. The shares were acquired at an average price of GBX 77 per share, for a total transaction of £246,400. 51.91% of the stock is currently owned by company insiders.

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.