Citigroup Boosts JD Sports Fashion (LON:JD) Price Target to GBX 92

Key Points

• Citigroup raised its price target for JD Sports Fashion stock from GBX 83 ($1.10) to GBX 92 ($1.22), indicating a potential upside of 7.65% from the previous close.
• JD Sports Fashion's board has initiated a stock buyback programstrong>, suggesting the company believes its shares are undervalued.
• The company most recently reported an EPS of GBX 12.39 ($0.16) for the last quarter and has a consensus target price of GBX 203.75 ($2.69) among analysts.

JD Sports Fashion (LON:JD - Get Free Report) had its target price lifted by analysts at Citigroup from GBX 83 ($1.10) to GBX 92 ($1.22) in a research note issued to investors on Friday, Marketbeat reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price target suggests a potential upside of 9.13% from the company's previous close.

Several other equities analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of JD Sports Fashion from GBX 450 ($5.98) to GBX 490 ($6.51) and gave the company a "sell" rating in a research note on Friday, July 11th. Berenberg Bank reiterated a "buy" rating and issued a GBX 128 ($1.70) target price on shares of JD Sports Fashion in a research note on Thursday, April 10th. Finally, Shore Capital reiterated a "hold" rating on shares of JD Sports Fashion in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, JD Sports Fashion presently has an average rating of "Hold" and a consensus price target of GBX 203.75 ($2.71).

JD Sports Fashion Price Performance

LON JD traded down GBX 0.12 ($0.00) during trading on Friday, reaching GBX 84.30 ($1.12). 5,371,177 shares of the company's stock traded hands, compared to its average volume of 393,791. 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 stock has a market cap of £4.37 billion, a price-to-earnings ratio of 843.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company has a 50-day simple moving average of GBX 83.77 and a 200 day simple moving average of GBX 80.82.

JD Sports Fashion (LON:JD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported GBX 12.39 ($0.16) 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%. Research analysts expect that JD Sports Fashion will post 15.037961 earnings per share for the current fiscal year.

JD Sports Fashion announced that its Board of Directors has initiated a stock buyback program on Thursday, April 10th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign 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.