This sports wear fashion retailer looks like it could be set for a recovery having had a solid Christmas and maintained trading strength through into the new Year.

Its long term chart is showing signs of an uptrend channel developing and the sp as crossed the 10 and 30 day moving averages..



Trader Chart



Last Trading Statements..

Xmas Statement

http://www.investegate.co.uk/Article.aspx?id=200901090700073733L

January Trading Statement

http://www.investegate.co.uk/Article.aspx?id=200902040700127485M

Fundies..

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)
EBITDA 55.35m 63.30m 65.30m
EBIT 43.13m 47.48m 48.90m
Dividend Yield 2.68% 3.63% 3.99%
Dividend Cover 9.07x 7.17x 6.88x
PER 4.12x 3.85x 3.64x
PEG 0.06f 0.55f 0.66f
Net Asset Value PS 83.41p p p

Trades on a forward P/E of less than 4 for 2010.

Nothings guranteed but this looks like a forerunner in green shoot recovery for fashion sports clothing retail.

Beta 0.2

DYOR

JD. Citywire Comment...


JD Sports doubles profits
Retailer JD Sports (JD) has exceeded expectations with a 100% increase in first-half profits before tax.

Investec analyst Kate Calvert retained a ‘buy’ recommendation and a target price of 475p following its H1 results. Shares were trading at 408p yesterday.

‘Good numbers were expected post its Q1 trading update, but a 100% increase in H1 profits before tax results has exceeded expectations,’ she said.

‘This has been driven by sport, which has had another strong footwear performance, and progress in Europe. Valuation on our upgraded full year forecast – 3% increase – looks undemanding given the untapped UK growth potential, building momentum in its profitable European business as scale increases, and the ability to reduce £15 million of outdoor and fashion forecast losses over time.’

19 Sep 2014 JD Sports Fashion... JD. Cantor Fitzgerald Buy 0.00 433.30 500.00 500.00 Reiterates

SP TARGET 500p