JD Sports Fashion (LON:JD) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• JD Sports Fashion stock has crossed above its 200-day moving average, currently trading at GBX 95.04 ($1.27) after reaching a high of GBX 99.62 ($1.33).
• Several analysts have updated their price targets, with Royal Bank Of Canada raising it to GBX 95 and Berenberg Bank setting a target of GBX 155, indicating optimism about the stock's future.
• The company recently reported quarterly earnings of GBX 4.60 per share and announced a stock buyback program, signaling confidence in its valuation and future performance.

Shares of JD Sports Fashion Plc (LON:JD - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 85.10 ($1.13) and traded as high as GBX 99.62 ($1.33). JD Sports Fashion shares last traded at GBX 95.04 ($1.27), with a volume of 12,671,861 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank Of Canada raised their price target on shares of JD Sports Fashion from GBX 90 to GBX 95 and gave the company an "outperform" rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of JD Sports Fashion from GBX 85 to GBX 100 and gave the stock a "hold" rating in a research report on Tuesday, August 19th. Berenberg Bank reiterated a "buy" rating and issued a GBX 155 target price on shares of JD Sports Fashion in a research note on Wednesday, September 24th. JPMorgan Chase & Co. lowered their price target on JD Sports Fashion from GBX 92 to GBX 90 and set a "neutral" rating for the company in a research note on Wednesday, September 3rd. Finally, Shore Capital reiterated a "hold" rating on shares of JD Sports Fashion in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 104.67.

JD Sports Fashion Stock Up 0.6%

The firm has a market capitalization of £4.95 billion, a price-to-earnings ratio of 956.20, a P/E/G ratio of 1.05 and a beta of 1.65. The business's 50-day moving average is GBX 92.86 and its two-hundred day moving average is GBX 85.10. 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 (LON:JD - Get Free Report) last announced its quarterly earnings results on Wednesday, September 24th. The company reported GBX 4.60 earnings per share for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. On average, equities analysts anticipate that JD Sports Fashion Plc will post 15.037961 earnings per share for the current year.

JD Sports Fashion announced that its Board of Directors has approved a stock repurchase program on Thursday, September 25th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is 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.

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