JD Sports Fashion Plc has garnered an average recommendation of “Hold” from eight research firms currently monitoring the company, according to data from Marketbeat.com. Among these analysts, five recommend holding the stock, while three suggest a buy. The consensus reflects a one-year target price of GBX 113.50 across the brokerages that have issued reports on the company over the past year.
Analysts Weigh In
The evaluation of JD Sports has triggered various research reports. On September 24, 2023, Berenberg Bank maintained a “buy” rating and set a target price of GBX 155 for the company’s shares. Following this, on October 3, Citigroup raised its target price from GBX 95 to GBX 104, assigning a “neutral” rating in its latest report. Conversely, Deutsche Bank Aktiengesellschaft lowered its price target from GBX 100 to GBX 95, while also designating a “hold” rating on November 21, 2023.
In a different stance, Peel Hunt reiterated a “buy” rating and issued a target price of GBX 200 on November 20, 2023. Meanwhile, Shore Capital adjusted its rating to “hold” with a price target of GBX 85 on November 24, 2023.
Current Trading Performance
On Monday, shares of JD Sports Fashion opened at GBX 85.72, reflecting a 1.5% increase. The company’s financial metrics reveal a debt-to-equity ratio of 133.23, a quick ratio of 0.71, and a current ratio of 1.42. The firm reports a market capitalization of £4.44 billion, a price-to-earnings ratio of 857.20, and a price-to-earnings-growth ratio of 1.05, with a beta of 1.65.
In a significant development, JD Sports Fashion’s board authorized a share repurchase plan on September 25, allowing the company to repurchase outstanding shares. Stock repurchase plans often signal that a company’s board believes its shares are undervalued.
About JD Sports Fashion
JD Sports Fashion Plc specializes in the retail of branded sports fashion and outdoor clothing, footwear, accessories, and equipment for all age groups. The company operates through its Sports Fashion and Outdoor segments, offering a diverse range of products including leisure goods, fishing gear, camping equipment, and bicycles. Its portfolio features well-known brands such as JD, Size?, Footpatrol, Finish Line, Shoe Palace, and several others.
This strategic positioning in the retail market highlights JD Sports Fashion’s commitment to providing a comprehensive range of products to its customers. The company continues to navigate the competitive landscape while responding to market demands effectively.
