JD Sports Fashion (LON:JD - Get Free Report) issued its earnings results on Wednesday. The company reported GBX 12.39 ($0.17) EPS for the quarter, Digital Look Earnings reports. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%.
JD Sports Fashion Stock Performance
JD stock traded up GBX 1.74 ($0.02) during midday trading on Wednesday, reaching GBX 92.98 ($1.25). 18,810,293 shares of the company were exchanged, compared to its average volume of 393,791. The company has a market capitalization of £4.82 billion, a P/E ratio of 929.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company's fifty day moving average price is GBX 76.41 and its 200-day moving average price is GBX 88.31. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23.
JD Sports Fashion announced that its Board of Directors has authorized a share repurchase plan on Thursday, April 10th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
A number of analysts have issued reports on JD shares. Shore Capital reissued a "buy" rating on shares of JD Sports Fashion in a research report on Friday, May 2nd. Citigroup lowered shares of JD Sports Fashion to a "neutral" rating and reduced their price objective for the company from GBX 150 ($2.01) to GBX 95 ($1.27) in a research note on Thursday, January 23rd. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 128 ($1.71) target price on shares of JD Sports Fashion in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, JD Sports Fashion currently has an average rating of "Hold" and a consensus target price of GBX 109.50 ($1.47).
Check Out Our Latest Stock Report on JD Sports Fashion
JD Sports Fashion Company Profile
(
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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.
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