The JD Sports share price is up 10% on today’s upbeat results but still dirt cheap with a P/E of just 5.2!
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Finally, some good news for my portfolio and from a surprising source – the JD Sports Fashion (LSE: JD) share price.
Shares in the FTSE 100-listed trainer and athleisure giant have had a dismal time of it over the past two years. They’ve halved in value, dogged by a string of profit warnings, margin pressures, struggling consumers and rising costs.
Throw in the recent shock of Donald Trump’s proposed trade tariffs, which could impact US and European brands alike, and it’s been a painful hold.
Despite buying after the first profit warning and averaging down on three separate occasions, I’m left with a 40% loss. Over 12 months, the stock is down 50%.
