JD Sports Fashion (LON:JD) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

JD Sports Fashion Plc (LON:JD)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 122.99 ($1.54) and traded as low as GBX 93.88 ($1.17). JD Sports Fashion shares last traded at GBX 94.16 ($1.18), with a volume of 6,595,580 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JD shares. Shore Capital reaffirmed a “buy” rating on shares of JD Sports Fashion in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 110 ($1.38) target price on shares of JD Sports Fashion in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. downgraded shares of JD Sports Fashion to a “neutral” rating and set a GBX 105 ($1.31) price target for the company. in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, JD Sports Fashion has a consensus rating of “Moderate Buy” and a consensus target price of GBX 446 ($5.58).

JD Sports Fashion Stock Performance

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 business’s fifty day moving average price is GBX 106.87 and its 200-day moving average price is GBX 122.99. The stock has a market cap of £4.88 billion, a PE ratio of 941.60, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion Cuts Dividend

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

Insider Buying and Selling at JD Sports Fashion

In other JD Sports Fashion news, insider Andy Long acquired 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 ($1.20) per share, with a total value of £29,821.44 ($37,309.45). 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.