Insider Buys Additional UK£246k In JD Sports Fashion Stock
Potential JD Sports Fashion Plc (LON:JD.) shareholders may wish to note that the Chairman, Peter Agnefjall, recently bought UK£246k worth of stock, paying UK£0.77 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.
JD Sports Fashion Insider Transactions Over The Last Year
Notably, that recent purchase by Peter Agnefjall is the biggest insider purchase of JD Sports Fashion shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£0.80. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for JD Sports Fashion share holders is that insiders were buying at near the current price.
JD Sports Fashion insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for JD Sports Fashion
JD Sports Fashion is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own UK£2.4m worth of JD Sports Fashion stock, about 0.06% of the company. I generally like to see higher levels of ownership.
What Might The Insider Transactions At JD Sports Fashion Tell Us?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that JD Sports Fashion insiders are reasonably well aligned, and optimistic for the future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.