JD Sports Fashion Plc (LON:JD) Given Consensus Rating of "Hold" by Analysts

Key Points

• JD Sports Fashion Plc has received a consensus rating of "Hold" from six brokerages, with one sell rating, three hold ratings, and two buy ratings.
• The company recently launched a share repurchase program, indicating that leadership believes its stock may be undervalued.
• JD Sports reported a quarterly EPS of GBX 12.39 ($0.17) with a market capitalization of £4.46 billion.

Shares of JD Sports Fashion Plc (LON:JD - Get Free Report) have been given a consensus rating of "Hold" by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 182.

JD has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price target on JD Sports Fashion from GBX 90 ($1.21) to GBX 95 ($1.28) and gave the stock an "outperform" rating in a report on Friday. Shore Capital reaffirmed a "hold" rating on shares of JD Sports Fashion in a report on Wednesday, July 23rd. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 128 ($1.72) price target on shares of JD Sports Fashion in a report on Thursday, April 10th. Citigroup raised their price target on JD Sports Fashion from GBX 83 ($1.12) to GBX 92 ($1.24) and gave the stock a "neutral" rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on JD Sports Fashion from GBX 450 ($6.05) to GBX 490 ($6.59) and gave the company a "sell" rating in a research note on Friday, July 11th.

JD Sports Fashion Stock Up 0.5%

Shares of JD Sports Fashion stock opened at GBX 86.16 ($1.16) on Friday. The stock has a market capitalization of £4.46 billion, a P/E ratio of 861.60, a PEG ratio of 1.05 and a beta of 1.65. The business has a 50 day moving average of GBX 83.87 and a 200 day moving average of GBX 80.87. 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 issued its quarterly earnings results on Wednesday, May 21st. The company reported GBX 12.39 ($0.17) EPS for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. As a group, research analysts anticipate that JD Sports Fashion will post 15.037961 EPS for the current year.

JD Sports Fashion announced that its Board of Directors has approved a share repurchase program on Thursday, April 10th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's leadership 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.