JD Sports Fashion (LON:JD) Earns Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of JD Sports Fashion (LON:JD) in a research report report published on Thursday morning, MarketBeat.com reports. The brokerage currently has a GBX 128 ($1.68) price objective on the stock.

A number of other equities research analysts have also weighed in on the stock. Citigroup lowered shares of JD Sports Fashion to a “neutral” rating and reduced their target price for the stock from GBX 150 ($1.96) to GBX 95 ($1.24) in a report on Thursday, January 23rd. Shore Capital reiterated a “hold” rating on shares of JD Sports Fashion in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 109.50 ($1.43).

JD Sports Fashion Trading Down 1.8 %

Shares of JD stock opened at GBX 72.12 ($0.94) on Thursday. The firm has a market capitalization of £3.74 billion, a price-to-earnings ratio of 721.20, a price-to-earnings-growth 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 company’s 50 day moving average price is GBX 76.54 and its 200-day moving average price is GBX 98.84.

JD Sports Fashion announced that its Board of Directors has approved a stock buyback plan on Thursday, April 10th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at JD Sports Fashion

In other news, insider Regis Schultz bought 109,933 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were acquired at an average price of GBX 90 ($1.18) per share, for a total transaction of £98,939.70 ($129,502.23). 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.