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

Key Points

• Shore Capital reiterated a "Hold" rating on JD Sports, matching a consensus of predominantly Hold ratings (2 Buys, 5 Holds) and a consensus price target of GBX 110.25.
• The stock traded down to GBX 67.92 on very heavy volume (13.66M vs. avg 393.8k), with a market cap of £3.52bn, an unusually high PE of 679.2, and signs of leverage and tight liquidity (debt/equity 133.23, quick ratio 0.71).
• JD's board announced a share repurchase plan, but the filing shows an authorization of 0 shares, suggesting no immediate buyback allocation or a reporting anomaly.

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

A number of other brokerages have also recently issued reports on JD. UBS Group reiterated a "neutral" rating and issued a GBX 94 price objective on shares of JD Sports Fashion in a report on Friday, January 16th. Royal Bank Of Canada decreased their price target on JD Sports Fashion from GBX 88 to GBX 87 and set a "market perform" rating for the company in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on JD Sports Fashion from GBX 95 to GBX 85 and set a "hold" rating for the company in a report on Tuesday, February 3rd. Citigroup dropped their price target on shares of JD Sports Fashion from GBX 87 to GBX 86 and set a "neutral" rating on the stock in a research report on Tuesday, February 3rd. Finally, Peel Hunt reiterated a "buy" rating and issued a GBX 200 target price on shares of JD Sports Fashion in a research note on Thursday, November 20th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of GBX 110.25.

JD Sports Fashion Price Performance

LON:JD traded down GBX 2.52 during mid-day trading on Friday, reaching GBX 67.92. The stock had a trading volume of 13,662,861 shares, compared to its average volume of 393,791. The company has a market cap of £3.52 billion, a PE ratio of 679.20, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a fifty day moving average of GBX 79.79 and a 200 day moving average of GBX 85.49. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42.

JD Sports Fashion declared that its Board of Directors has initiated a share repurchase plan on Monday, February 23rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is 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. 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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