JD Sports Fashion (LON:JD – Get Free Report) announced that its board has initiated a share buyback plan on Thursday, September 25th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
JD Sports Fashion Stock Up 0.7%
Shares of JD Sports Fashion stock opened at GBX 88.58 on Friday. The company has a market capitalization of £4.59 billion, a PE ratio of 885.80, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23. The stock’s 50-day moving average is GBX 90.50 and its 200 day moving average is GBX 83.16.
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JD Sports Fashion (LON:JD – Get Free Report) last posted its quarterly earnings data on Wednesday, September 24th. The company reported GBX 4.60 earnings per share (EPS) 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 will post 15.037961 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have issued reports on JD. JPMorgan Chase & Co. cut their target price on shares of JD Sports Fashion from GBX 92 to GBX 90 and set a “neutral” rating on the stock in a research note on Wednesday, September 3rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 155 price target on shares of JD Sports Fashion in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on JD Sports Fashion from GBX 85 to GBX 100 and gave the company a “hold” rating in a research report on Tuesday, August 19th. Royal Bank Of Canada boosted their price target on JD Sports Fashion from GBX 90 to GBX 95 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Citigroup raised their price objective on shares of JD Sports Fashion from GBX 92 to GBX 95 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, JD Sports Fashion has a consensus rating of “Hold” and a consensus price target of GBX 103.17.
View Our Latest Analysis on JD Sports Fashion
JD Sports Fashion Company Profile
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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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JD Sports Fashion (LON:JD) to Buyback 0 Shares
