JD Sports Fashion (LON:JD) Posts Quarterly Earnings Results

Key Points

• JD Sports Fashion reported quarterly earnings of GBX 3.97 per share, with a 14.97% return on equity and a 3.17% net margin.
• The company’s shares rose 6.4% to open at GBX 78.72, while its market capitalization stood at approximately £4.08 billion.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating, despite three Buy ratings and a consensus price target of GBX 191.89.

JD Sports Fashion (LON:JD - Get Free Report) posted its earnings results on Wednesday. The company reported GBX 3.97 earnings per share for the quarter, Digital Look Earnings reports. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%.

JD Sports Fashion Trading Up 6.4%

Shares of JD opened at GBX 78.72 on Wednesday. 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 capitalization of £4.08 billion, a PE ratio of 787.20, a P/E/G ratio of 1.05 and a beta of 1.65. The business's 50-day simple moving average is GBX 86.35 and its 200-day simple moving average is GBX 80.24.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 95 price target on shares of JD Sports Fashion in a research report on Thursday, September 3rd. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 100 price objective on shares of JD Sports Fashion in a report on Monday, August 3rd. Citigroup raised their target price on shares of JD Sports Fashion from GBX 83 to GBX 87 and gave the stock a "neutral" rating in a research report on Friday, August 21st. Shore Capital Group reaffirmed a "hold" rating and issued a GBX 75 target price on shares of JD Sports Fashion in a report on Monday. Finally, Berenberg Bank cut their price target on shares of JD Sports Fashion from GBX 155 to GBX 150 and set a "buy" rating for the company in a report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, JD Sports Fashion has a consensus rating of "Hold" and a consensus price target of GBX 191.89.

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.