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

Key Points

• JD Sports Fashion shares have crossed above their 200-day moving average, trading at GBX 88.10 ($1.19) after reaching a high of GBX 89.24 ($1.21).
• Analysts have mixed opinions on the stock, with a consensus rating of "Hold" and a target price averaging GBX 165.67 ($2.25), despite recent price upgrades and downgrades from various institutions.
• The company reported a net margin of 3.17% and earnings per share of GBX 12.39 ($0.17) for their last quarter, with projections estimating EPS of 15.038 for the current fiscal year.

JD Sports Fashion Plc (LON:JD - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 81.06 ($1.09) and traded as high as GBX 89.24 ($1.20). JD Sports Fashion shares last traded at GBX 88.10 ($1.18), with a volume of 6,148,724 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JD. UBS Group reissued a "neutral" rating and issued a GBX 84 price target on shares of JD Sports Fashion in a report on Friday, August 15th. Shore Capital reissued a "hold" rating on shares of JD Sports Fashion in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of JD Sports Fashion from GBX 85 to GBX 100 and gave the company a "hold" rating in a report on Tuesday. Citigroup raised their price target on shares of JD Sports Fashion from GBX 83 to GBX 92 and gave the company a "neutral" rating in a report on Friday, August 1st. Finally, 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. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 100.67.

JD Sports Fashion Stock Down 0.6%

The company has a market capitalization of £4.83 billion, a price-to-earnings ratio of 933.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The firm's 50 day moving average price is GBX 85.27 and its two-hundred day moving average price is GBX 81.18. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23.

JD Sports Fashion (LON:JD - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported GBX 12.39 earnings per share for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. Sell-side analysts anticipate that JD Sports Fashion Plc will post 15.037961 earnings per share for the current fiscal 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.