JD Sports Fashion (LON:JD) Receives “Hold” Rating from Shore Capital Group

JD Sports Fashion (LON:JD)‘s stock had its “hold” rating restated by research analysts at Shore Capital Group in a research note issued on Wednesday,London Stock Exchange reports.

Several other equities research analysts have also weighed in on the company. Citigroup lowered their price objective on JD Sports Fashion from GBX 87 to GBX 86 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on JD Sports Fashion from GBX 490 to GBX 460 and set a “sell” rating on the stock in a research note on Monday, March 23rd. JPMorgan Chase & Co. reiterated a “no recommendation” rating on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Royal Bank Of Canada cut their price objective on JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating for the company in a report on Monday, February 2nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 94 target price on shares of JD Sports Fashion in a report on Friday, January 16th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 157.13.

JD Sports Fashion Trading Down 0.6%

LON JD traded down GBX 0.48 on Wednesday, reaching GBX 76.40. The company’s stock had a trading volume of 9,449,087 shares, compared to its average volume of 393,791. The stock has a market capitalization of £3.96 billion, a price-to-earnings ratio of 764.00, a PEG ratio of 1.05 and a beta of 1.65. The company’s 50 day moving average price is GBX 74.79 and its 200-day moving average price is GBX 81.90. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42.

JD Sports Fashion announced that its board has authorized a stock buyback program on Monday, February 23rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are 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.