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

Key Points

• JD Sports Fashion has received a "hold" rating from Shore Capital, with a consensus rating of "Hold" and a consensus price target of GBX 104.67.
• The company announced a stock repurchase program, indicating that its Board of Directors believes the shares may be undervalued.
• JD Sports reported an earnings per share (EPS) of GBX 4.60 for the quarter, with expectations of 15.04 EPS for the current fiscal year.

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

A number of other brokerages also recently weighed in on JD. UBS Group reaffirmed a "neutral" rating and issued a GBX 84 target price on shares of JD Sports Fashion in a research note on Friday, August 15th. JPMorgan Chase & Co. dropped their price objective on shares of JD Sports Fashion from GBX 92 to GBX 90 and set a "neutral" rating for the company in a research report on Wednesday, September 3rd. Royal Bank Of Canada increased their price objective on JD Sports Fashion from GBX 90 to GBX 95 and gave the company an "outperform" rating in a research report on Friday, August 8th. Citigroup boosted their target price on JD Sports Fashion from GBX 95 to GBX 104 and gave the stock a "neutral" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on JD Sports Fashion from GBX 85 to GBX 100 and gave the stock a "hold" rating in a report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of GBX 104.67.

JD Sports Fashion Stock Up 0.4%

Shares of JD opened at GBX 103.30 on Monday. 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 business's 50 day simple moving average is GBX 91.34 and its 200-day simple moving average is GBX 84.03. The company has a market capitalization of £5.35 billion, a PE ratio of 1,033.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD - Get Free Report) last released its quarterly earnings results on Wednesday, September 24th. The company reported GBX 4.60 EPS for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. Equities research analysts expect that JD Sports Fashion will post 15.037961 EPS for the current fiscal year.

JD Sports Fashion announced that its Board of Directors has initiated a stock repurchase program on Thursday, September 25th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.