JD Sports Fashion (LON:JD) Stock Price Breaks Above 200-Day Moving Average – Time to Sell?

Shares of JD Sports Fashion Plc (LON:JD) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 81.18 and traded as high as GBX 88.53. JD Sports Fashion shares last traded at GBX 87.92, with a volume of 10,128,673 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on JD shares. Shore Capital Group lowered JD Sports Fashion to a “hold” rating and decreased their target price for the company from GBX 81 to GBX 75 in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 95 price target on shares of JD Sports Fashion in a report on Thursday, September 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 100 target price on shares of JD Sports Fashion in a research note on Monday, August 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 150 price target on shares of JD Sports Fashion in a report on Thursday, September 24th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of JD Sports Fashion in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 191.89.

JD Sports Fashion Price Performance

The stock has a market capitalization of £4.78 billion, a price-to-earnings ratio of 922.60, a PEG ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42. The company has a 50 day moving average of GBX 83.55 and a 200 day moving average of GBX 81.31.

JD Sports Fashion (LON:JD) last issued its earnings results on Wednesday, September 23rd. The company reported GBX 3.97 earnings per share for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. As a group, equities research analysts anticipate that JD Sports Fashion Plc will post 15.04 EPS for the current year.

Insider Buying and Selling at JD Sports Fashion

In other JD Sports Fashion news, insider Peter Agnefjäl bought 320,000 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of GBX 77 per share, with a total value of £246,400. Company insiders own 51.91% of the company’s stock.

JD Sports Fashion Company Profile

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.