JD Sports Fashion (LON:JD) Earns "Hold" Rating from Shore Capital Group

Key Points

• Shore Capital reaffirmed a "Hold" on JD Sports Fashion and the stock's consensus rating is Hold with a consensus target of GBX 157.13 (analyst mix: 2 Buy, 4 Hold, 1 Sell).
• Shares fell to GBX 70.50 on heavy volume (15.0M vs. avg 393.8k), valuing the company at £3.65bn and reflecting a very high trailing P/E of 705, suggesting valuation concerns.
• The Board has authorized a stock buyback program for open-market repurchases, signaling management believes the shares may be undervalued.

JD Sports Fashion (LON:JD - Get Free Report)'s stock had its "hold" rating reaffirmed by stock analysts at Shore Capital Group in a note issued to investors on Thursday,London Stock Exchange reports.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reaffirmed a "no recommendation" rating on shares of JD Sports Fashion in a report on Thursday, January 22nd. Berenberg Bank restated a "buy" rating and issued a GBX 155 price objective on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Citigroup reduced their target price on shares of JD Sports Fashion from GBX 87 to GBX 86 and set a "neutral" rating for the company in a report on Tuesday, February 3rd. Royal Bank Of Canada lowered their price target on JD Sports Fashion from GBX 88 to GBX 87 and set a "market perform" rating on the stock in a report on Monday, February 2nd. Finally, UBS Group reaffirmed a "neutral" rating and set a GBX 94 price objective on shares of JD Sports Fashion in a research note on Friday, January 16th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 157.13.

JD Sports Fashion Stock Down 0.2%

LON:JD traded down GBX 0.16 during mid-day trading on Thursday, reaching GBX 70.50. 15,011,863 shares of the stock were exchanged, compared to its average volume of 393,791. The firm has a market capitalization of £3.65 billion, a PE ratio of 705.00, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a 50-day moving average of GBX 77.29 and a 200 day moving average of GBX 83.79. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71.

JD Sports Fashion announced that its Board of Directors has authorized a stock buyback plan 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 plans are typically an indication that the company's leadership believes its shares are undervalued.

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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