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JD Sports Fashion (LON:JD) Share Price Crosses Below 200 Day Moving Average - Here's Why

JD Sports Fashion logo with Consumer Cyclical background

JD Sports Fashion Plc (LON:JD - Get Free Report) passed 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JD. JPMorgan Chase & Co. downgraded JD Sports Fashion to a "neutral" rating and set a GBX 105 ($1.31) price objective on the stock. in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating and set a GBX 110 ($1.38) price target on shares of JD Sports Fashion in a research report on Friday, November 22nd. Finally, Shore Capital restated a "buy" rating on shares of JD Sports Fashion in a research report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, JD Sports Fashion presently has an average rating of "Moderate Buy" and an average target price of GBX 446 ($5.58).

View Our Latest Research Report on JD Sports Fashion

JD Sports Fashion Stock Up 4.0 %

The company's fifty day moving average is GBX 106.87 and its 200-day moving average is GBX 122.99. The company has a market capitalization of £5.07 billion, a PE ratio of 979.40, a price-to-earnings-growth 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.

JD Sports Fashion Cuts Dividend

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

Insider Buying and Selling at JD Sports Fashion

In related news, insider Andy Long purchased 31,064 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average cost of GBX 96 ($1.20) per share, for a total transaction of £29,821.44 ($37,309.45). Insiders own 51.91% of the company's stock.

JD Sports Fashion Company Profile

(Get Free Report)

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.

Further Reading

Should you invest $1,000 in JD Sports Fashion right now?

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