JD Sports Fashion (LON:JD) Earns “Outperform” Rating from Royal Bank Of Canada

JD Sports Fashion (LON:JD)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued on Tuesday,Digital Look reports. They currently have a GBX 100 target price on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 20.98% from the company’s previous close.

A number of other analysts have also recently commented on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 840 price target on shares of JD Sports Fashion in a research report on Wednesday, May 6th. UBS Group reiterated a “neutral” rating and set a GBX 94 price objective on shares of JD Sports Fashion in a research note on Tuesday, May 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 155 target price on shares of JD Sports Fashion in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 460 target price on shares of JD Sports Fashion in a research note on Thursday, May 7th. Finally, Citigroup lowered their price target on shares of JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating on the stock in a report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 234.11.

JD Sports Fashion Trading Down 3.1%

JD stock traded down GBX 2.68 during trading on Tuesday, reaching GBX 82.66. The stock had a trading volume of 12,028,929 shares, compared to its average volume of 393,791. The firm’s 50 day moving average is GBX 77.51 and its 200 day moving average is GBX 78.46. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42. The company has a market capitalization of £4.28 billion, a price-to-earnings ratio of 826.60, a PEG ratio of 1.05 and a beta of 1.65.

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

JD Sports Fashion declared that its board has authorized a share repurchase program on Monday, February 23rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership 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.