JD Sports Fashion plc (LON:JD) Insider Andy Higginson Acquires 292,725 Shares

JD Sports Fashion plc (LON:JD – Get Rating) insider Andy Higginson bought 292,725 shares of the business’s stock in a transaction on Monday, August 8th. The stock was purchased at an average price of GBX 133 ($1.61) per share, with a total value of £389,324.25 ($470,425.63).

JD Sports Fashion Price Performance

Shares of JD Sports Fashion stock traded up GBX 3.40 ($0.04) during midday trading on Tuesday, reaching GBX 133.55 ($1.61). The company had a trading volume of 3,619,471 shares, compared to its average volume of 393,791. JD Sports Fashion plc has a 1-year low of GBX 98.94 ($1.20) and a 1-year high of GBX 235.70 ($2.85). The company has a market capitalization of £6.89 billion and a price-to-earnings ratio of 1,907.86. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 101.34. The stock has a fifty day simple moving average of GBX 122.49 and a 200 day simple moving average of GBX 140.85.

JD Sports Fashion Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, August 5th. Stockholders of record on Thursday, July 7th were given a dividend of GBX 0.35 ($0.00) per share. The ex-dividend date of this dividend was Thursday, July 7th. This represents a dividend yield of 0.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Peel Hunt restated a “buy” rating and issued a GBX 280 ($3.38) target price on shares of JD Sports Fashion in a research report on Tuesday, April 12th. Barclays cut their target price on JD Sports Fashion from GBX 240 ($2.90) to GBX 195 ($2.36) and set an “overweight” rating for the company in a research report on Monday, May 16th. JPMorgan Chase & Co. cut their target price on JD Sports Fashion from GBX 210 ($2.54) to GBX 180 ($2.17) and set an “overweight” rating for the company in a research report on Tuesday, July 26th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 200 ($2.42) target price on shares of JD Sports Fashion in a research report on Monday, May 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on JD Sports Fashion from GBX 875 ($10.57) to GBX 735 ($8.88) and set a “buy” rating for the company in a research report on Thursday, July 14th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, JD Sports Fashion presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 509.38 ($6.15).

JD Sports Fashion Company Profile

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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, watches, jewellery, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel.

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