JD Sports Fashion Plc (LON:JD) has received a consensus price target of GBX 104.67 from multiple analysts, reflecting a “Moderate Buy” recommendation. According to data from MarketBeat.com, eight analysts have evaluated the firm, with half suggesting a hold and the other half endorsing a buy. The average price target over the next twelve months stands at GBX 118.29.
Several financial institutions have recently updated their assessments of JD Sports shares. On September 3, 2023, JPMorgan Chase & Co. reduced its target price from GBX 92 to GBX 90, maintaining a “neutral” outlook. In contrast, Berenberg Bank reaffirmed a “buy” rating with a target of GBX 155 on September 24, 2023. Similarly, Peel Hunt reiterated its “buy” recommendation, setting a target price at GBX 200. Shore Capital also restated its “buy” rating on November 5, 2023, while UBS Group maintained a “neutral” stance with a target of GBX 84 on August 15, 2023.
Recent Performance and Share Buyback Program
JD Sports Fashion recently reported its quarterly earnings on September 24, 2023, revealing earnings per share (EPS) of GBX 4.60. The company recorded a net margin of 3.17% and a return on equity of 14.97%. For the current fiscal year, analysts anticipate an EPS of approximately 15.04.
In a strategic move, JD Sports announced on September 25, 2023, that its board has initiated a share buyback program, allowing the company to repurchase 0 outstanding shares. Such buyback initiatives typically indicate that a company’s leadership believes its shares are undervalued, potentially enhancing shareholder value.
Company Overview and Market Position
JD Sports Fashion Plc specializes in the retail of branded sports fashion and outdoor apparel, catering to various demographics, including men, women, and children. The company operates through its Sports Fashion and Outdoor segments, offering a diverse range of products from leisure goods to sports equipment.
As JD Sports continues to navigate the retail landscape, analysts remain focused on its performance amidst changing market conditions. The current recommendations and price targets reflect a cautious optimism as the company seeks to solidify its position in the competitive sports fashion sector.
For those interested in keeping up with developments regarding JD Sports Fashion, MarketBeat.com offers a daily summary of the latest news and analysts’ ratings.
