Shore Capital Reaffirms “Buy” Rating for JD Sports Fashion (LON:JD)

Shore Capital restated their buy rating on shares of JD Sports Fashion (LON:JD) in a research note released on Friday morning, MarketBeat reports.

A number of other brokerages have also weighed in on JD. JPMorgan Chase & Co. lowered JD Sports Fashion to a “neutral” rating and set a GBX 105 ($1.33) price objective on the stock. in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 110 ($1.40) price target on shares of JD Sports Fashion in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 446 ($5.66).

JD Sports Fashion Price Performance

Shares of JD opened at GBX 101.80 ($1.29) on Friday. The stock has a market capitalization of £5.27 billion, a price-to-earnings ratio of 1,018.00, a PEG 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 firm’s fifty day moving average is GBX 128.66 and its two-hundred day moving average is GBX 127.74.

JD Sports Fashion Cuts Dividend

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

Insider Transactions at JD Sports Fashion

In other news, insider Andy Long purchased 31,064 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average price of GBX 96 ($1.22) per share, for a total transaction of £29,821.44 ($37,878.12). Company insiders own 51.91% of the company’s stock.

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.