JD Sports Fashion (LON:JD) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• JD Sports Fashion shares rose above their 200-day moving average on Friday, trading as high as GBX 87.72 and last changing hands at GBX 87.38. The move came on volume of 12.6 million shares.
• Analyst sentiment is mixed, with ratings ranging from buy to sell, though the current consensus from MarketBeat is Hold. The average target price is GBX 233, well above the current share price.
• The company reported quarterly EPS of GBX 8.63 and revenue of GBX 1,266.20 billion, with a net margin of 3.17% and return on equity of 14.97%. JD Sports Fashion also has a market cap of about £4.50 billion and a beta of 1.65.

Shares of JD Sports Fashion Plc (LON:JD - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 78.79 and traded as high as GBX 87.72. JD Sports Fashion shares last traded at GBX 87.38, with a volume of 12,572,348 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on JD shares. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating and issued a GBX 460 target price on shares of JD Sports Fashion in a research report on Thursday, May 7th. Jefferies Financial Group reissued a "buy" rating and set a GBX 840 price target on shares of JD Sports Fashion in a research report on Wednesday, May 6th. Shore Capital Group restated a "hold" rating and set a GBX 75 price objective on shares of JD Sports Fashion in a research note on Wednesday, July 1st. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 100 price objective on shares of JD Sports Fashion in a report on Tuesday, June 23rd. Finally, UBS Group reaffirmed a "neutral" rating and issued a GBX 94 target price on shares of JD Sports Fashion in a research report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of GBX 233.

JD Sports Fashion Stock Performance

The firm has a market capitalization of £4.50 billion, a price-to-earnings ratio of 869.40, a P/E/G ratio of 1.05 and a beta of 1.65. The stock's fifty day moving average is GBX 81.96 and its two-hundred day moving average is GBX 78.79. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23.

JD Sports Fashion (LON:JD - Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported GBX 8.63 earnings per share (EPS) for the quarter. The firm had revenue of GBX 1,266.20 billion for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. On average, analysts predict that JD Sports Fashion Plc will post 15.037961 earnings per share for the current year.

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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