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

Key Points

• JD Sports Fashion shares rose above their 200-day moving average, reaching GBX 95.83 and last trading at GBX 94.98 on heavy volume.
• Analyst sentiment is mixed but leans neutral: three analysts rate the stock Buy, four Hold, and one Sell, producing a consensus “Hold” rating and an average target price of GBX 233.
• The company reported quarterly EPS of GBX 8.63 and revenue of GBX 1,266.20 billion, while its valuation remains elevated with a P/E ratio of 941.60 and debt-to-equity ratio of 133.23.

JD Sports Fashion Plc (LON:JD - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 79.53 and traded as high as GBX 95.83. JD Sports Fashion shares last traded at GBX 94.98, with a volume of 16,873,413 shares changing hands.

Wall Street Analysts Forecast Growth

JD has been the subject of a number of research analyst reports. Shore Capital Group reiterated a "hold" rating on shares of JD Sports Fashion in a report on Wednesday, July 22nd. Citigroup decreased their price objective on shares of JD Sports Fashion from GBX 86 to GBX 83 and set a "neutral" rating on the stock in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a "sell" rating and set a GBX 460 target price on shares of JD Sports Fashion in a research report on Thursday, May 7th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 840 price target on shares of JD Sports Fashion in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 100 price target on shares of JD Sports Fashion in a research note on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, JD Sports Fashion has a consensus rating of "Hold" and an average target price of GBX 233.

JD Sports Fashion Price Performance

The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a market capitalization of £4.88 billion, a PE ratio of 941.60, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a 50-day moving average price of GBX 86.65 and a 200-day moving average price of GBX 79.53.

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