JD Sports Fashion’s (JD) “Buy” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of JD Sports Fashion (LON:JD) in a research note published on Thursday morning, Marketbeat Ratings reports.

Separately, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 110 ($1.38) target price on shares of JD Sports Fashion in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 446 ($5.59).

JD Sports Fashion Price Performance

JD Sports Fashion stock opened at GBX 93.46 ($1.17) on Thursday. The firm has a market capitalization of £4.84 billion, a PE ratio of 934.60, 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 fifty day simple moving average of GBX 134 and a two-hundred day simple moving average of GBX 128.34.

JD Sports Fashion Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 7th will be issued a dividend of GBX 0.33 ($0.00) per share. This represents a dividend yield of 0.25%. The ex-dividend date is Thursday, November 7th. JD Sports Fashion’s payout ratio is 1,000.00%.

Insider Activity

In other news, insider Andy Long acquired 31,064 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was acquired at an average cost of GBX 96 ($1.20) per share, with a total value of £29,821.44 ($37,384.28). 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.