JD Sports Fashion (LON:JD) Given Hold Rating at Shore Capital Group

Key Points

• Shore Capital Group reiterated a “Hold” rating on JD Sports Fashion and set a GBX 75 price target, implying 6.27% downside from the reported GBX 80.02 share price.
• Analyst sentiment remains mixed but leans neutral: three analysts rate the stock Buy and six rate it Hold, producing a consensus “Hold” rating.
• Insider Peter Agnefjäl purchased 320,000 shares at GBX 77 each for approximately £246,400; company insiders own 51.91% of JD Sports Fashion.

JD Sports Fashion (LON:JD - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at Shore Capital Group in a report issued on Wednesday, Digital Look reports. They currently have a GBX 75 target price on the stock. Shore Capital Group's price objective would suggest a potential downside of 6.27% from the company's current price.

A number of other research firms have also weighed in on JD. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 100 price objective on shares of JD Sports Fashion in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 95 target price on shares of JD Sports Fashion in a report on Thursday, September 3rd. Berenberg Bank reissued a "buy" rating and set a GBX 150 target price on shares of JD Sports Fashion in a research note on Thursday, September 24th. Citigroup upped their price target on JD Sports Fashion from GBX 83 to GBX 87 and gave the stock a "neutral" rating in a report on Friday, August 21st. Finally, JPMorgan Chase & Co. reduced their price target on JD Sports Fashion from GBX 90 to GBX 86 and set a "neutral" rating on the stock in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of GBX 191.89.

JD Sports Fashion Stock Performance

Shares of JD stock opened at GBX 80.02 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23. The firm has a market capitalization of £4.15 billion, a PE ratio of 800.20, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a fifty day simple moving average of GBX 85.39 and a 200 day simple moving average of GBX 80.28.

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

Insider Transactions at JD Sports Fashion

In related news, insider Peter Agnefjäl purchased 320,000 shares of the company's stock in a transaction on Friday, September 25th. The shares were bought at an average cost of GBX 77 per share, for a total transaction of £246,400. 51.91% of the stock is 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.

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