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fashion and outdoor brands purveyor is bucking an otherwise gloomy trend on the United Kingdom high

Time:2018-04-20 19:25Shoes websites Click:

Fashion hunt Peel Sports Rating

Finally, Shore Capital reaffirmed a "buy" rating on shares of JD Sports Fashion PLC in a report on Tuesday.

JD Sports Fashion PLC (LON:JD) has earned a consensus recommendation of "Buy" from the five analysts that are now covering the stock, MarketBeat reports. Peel Hunt reiterated a "buy" rating and set a GBX 500 ($7.16) price objective on shares of JD Sports Fashion in a research note on Tuesday.

Guided by executive chairman Peter Cowgill (pictured below) and astute numbers man Brian Small, the sports, fashion and outdoor brands purveyor is bucking an otherwise gloomy trend on the United Kingdom high street. The brokerage has a "buy" rating on the stock. Barclays PLC's price objective would suggest a potential upside of 5.46% from the stock's previous close.

Last month, JD Sports announced the near-£400m acquisition of NASDAQ-traded footwear seller Finish Line, a deal that will transform JD Sports' growth prospects in the USA, the world's biggest global market for sport lifestyle footwear and apparel.

Shares in the company rose as much as 7.9 percent as the markets cheered a rare bright spot among troubled British clothing retailers. JD Sports Fashion has a fifty-two week low of GBX 300.20 ($4.30) and a fifty-two week high of GBX 462 ($6.62). The stock's 50 day moving average is GBX 377.35 and its 200-day moving average is GBX 338.20.

JD Sports has overtaken billionaire Mike Ashley's Sports Direct as Britain's leading sportswear retailer by market value.

It has also recently announced its USA market debut after agreeing to buy up American sportswear company Finish Line for 558 million U.S. dollars (£388 million) in what it has branded a "transformational" deal. Shareholders of record on Thursday, June 22nd will be issued a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date of this dividend is Thursday, June 28th.

"The investments we have made over a number of years in developing our multichannel proposition and driving improved buying, merchandising and retail discipline have ultimately led to the creation of a world class sports fashion business which combines the best of physical and digital retail on an increasingly global scale". The Company's sports fashion brands include JD, Size?, Chausport, Sprinter, Getthelabel.com, Kooga, Kukri Sports, Source Lab, Scotts, Tessuti, Cloggs, JD Gyms and Nicholas Deakins.

JD Sports Fashion's (JD)

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