Jd Sports Fashion Share Discussion Threads

[leadersoffice] 31/5/2019 04:58

About to enter FTSE 100

[1daveo] 29/5/2019 18:40

Does anybody know why the drop today?

[rampmeister] 04/5/2019 08:07

Berenberg ups target price on 'top pick' JD Sports

Analysts at Berenberg upped their target price on retailer JD Sports on Wednesday, noting that several near-term tailwinds had helped the group pick up the pace from a jog to a sprint.

With JD Sports continuing to buck the trend in retail, management seems confident that its year has started well, and with accelerating momentum, weakening comparatives and near-term profit tailwinds on the horizon, Berenberg believed that more upgrades were set to follow.
The German broker raised its 2020/21 earnings per share forecasts by 3-4% to reflect stronger top-line momentum and, while investors may fear they have "missed the boat" on JD, the analysts maintained that absolute and relative valuation "remains attractive".
"We raise our price target to 690p (from 570p), valuing JD at a c20% sector premium, with c11% EPS CAGR, sector-leading cash generation and blue-sky upside from Finish Line. The stock remains our top pick in the sector," said Berenberg.
JD remains bullish about its long-term Finish Line opportunity, with a strong performance in 2019 supporting confidence, and Berenberg believes that in a 'blue sky' scenario EBIT margins could rise to as high as 11% - versus roughly 3% today - which would add a further 20% to earnings.


Berenberg also highlighted that JD's recent acquisition of Footasylum could add "up to 10% to earnings", going on to reiterate its 'buy' recommendation.

RM

[leadersoffice] 04/5/2019 05:44

£7.00 won't be to long in reaching

[rampmeister] 17/4/2019 10:53

Once the revised broker forecasts are out, we could be looking at 6,000m. revenue for current year. Nothing can stop this from going a lot higher imho.

RM

[momentum1] 17/4/2019 09:32

600p to fall in the next hour. Broker target 754p!

[vesna09] 17/4/2019 07:11

Great results. Cool place to buy trainers.I sometimes have to queue to enter their website at busy times.

[newtothisgame3] 17/4/2019 05:02

#JD. defies high street gloom with record results

[newtothisgame3] 17/4/2019 04:50

Here's Stifel.
#JD. #Sports

[newtothisgame3] 17/4/2019 04:43

#JD. Sports sales rise despite decline on UK high street
Sportswear retailer outperforms market as like-for-like revenue increases 6 per cent

[1daveo] 16/4/2019 08:27

Excellent results

[connorcampbell] 12/4/2019 13:31

!YOUTUBEVIDEO:yC7XWrmgcnE:
Will JD Sports have its racing shoes on following Tuesday’s full year results?

The pinnacle of January’s update was news that the firm’s full year group pre-tax profit would be at the upper end of the £325 million to £352 million guidance range. At a mid-point of £338.5 million, that’d be a 14.7% improvement on the previous year’s £295 million.

Tuesday’s full year report is also the first proper statement since JD Sports announced it was buying trainer-rival Footasylum for £90.1 million, an acquisition that still requires shareholder approval. An update on this purchase will be very much welcome, specifically what intentions the company has for the brand.

Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here:

[connorcampbell] 12/4/2019 13:31

Will JD Sports have its racing shoes on following Tuesday’s full year results?

The pinnacle of January’s update was news that the firm’s full year group pre-tax profit would be at the upper end of the £325 million to £352 million guidance range. At a mid-point of £338.5 million, that’d be a 14.7% improvement on the previous year’s £295 million.

Tuesday’s full year report is also the first proper statement since JD Sports announced it was buying trainer-rival Footasylum for £90.1 million, an acquisition that still requires shareholder approval. An update on this purchase will be very much welcome, specifically what intentions the company has for the brand.

Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: hxxps://spreadex.com/?tid=389655

[1daveo] 09/4/2019 15:54

Anybody know why the drop?

[rampmeister] 09/4/2019 11:37

Current forecast from Sharecast based on share price 514.8 and consensus from 10 brokers where one advocates strong sell and 8 others strong buy.

Year Ending Revenue£m) Pre-tax(£m) EPS P/E PEG EPS Growth
2018-02-03 3,161.40 294.50 25.15p 14.5 0.5 32%

FORECAST
Year Ending Revenue£m) Pre-tax(£m) EPS P/E PEG EPS Growth
2019-01-31 4,564.45 349.17 27.74p 18.1 1.8 10%
2020-01-31 5,503.98 394.30 31.16p 16.2 1.3 12%
2021-01-31 5,905.88 436.59 34.61p 14.4 1.3 11%

with forecast revenue growth of nearly 100% over next 34 months still think there is plenty of value here for long term holders.

RM

[hawaly] 04/4/2019 16:40

Thanks - more details here:

[1daveo] 04/4/2019 15:10

JD bought Pretty Green today, nice purchase for their wholesale/ fashion division.

[tony5000] 18/3/2019 15:32

Average price is now c78.6p - but this deal should include lots of future synergies for JD. Prior to any restructuring - if JD lift the gross margin by c2 or c3 percentage points via better stock management & volume discounts - then this should equate to c£2.5m per percentage point improvement (on a Footasylum turnover of c£250m) & Footasylum currently lag c3 to c4 GP percentage points behind JD. GP improvement plus warehousing & central overhead synergies should see a reasonable profit generated for JD when the acquisition has been bedded in. The acquisition should also further improve JD’s brand portfolio & help to enhance their offer to consumers & overall differentiation from competitors - IMHO DYOR

[rampmeister] 18/3/2019 11:26

Thought they could buy up to 30% before making an offer. Offer looks a bit generous but hopefully synergised value will eventually shine through once they have rolled out across their outlets including US.
RM

[1daveo] 18/3/2019 10:30

So they've bought FootAsylum this could be interesting

[ignoble] 15/3/2019 21:36

JD opening a new shop in The Shires , Barnet , Herts.

[hawaly] 13/3/2019 12:04

It appeared to correspond with the news that "Adidas warns supply chain woes to dent sales growth" in the FT.

Let them buy Nike I say......

I took the opp to top up.

[tony5000] 13/3/2019 11:28

Checked if any RNS - no RNS - no action required (except maybe buy a few more at the lower price if you can) IMHO

[hawaly] 13/3/2019 09:04

This was down 5.6% shortly after the open - dropped marmalade all over me dressing gown...! 🥔

GLA 😎