Academy Sports and Outdoors (NASDAQ:ASO) Price Target Cut to $60.00

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) had its target price lowered by stock analysts at Morgan Stanley from $65.00 to $60.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 16.80% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. UBS Group downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $81.00 to $58.00 in a report on Wednesday. Robert W. Baird upped their price objective on Academy Sports and Outdoors from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Wells Fargo & Company dropped their price objective on Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Bank of America downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $75.00 to $63.00 in a report on Tuesday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $75.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.27.

Get Our Latest Report on ASO

Academy Sports and Outdoors Trading Down 2.9 %

ASO stock opened at $51.37 on Wednesday. The company has a market cap of $3.79 billion, a P/E ratio of 7.85, a PEG ratio of 0.81 and a beta of 1.37. Academy Sports and Outdoors has a twelve month low of $42.83 and a twelve month high of $75.73. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $56.83 and a 200-day moving average of $62.06.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last released its earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a return on equity of 28.99% and a net margin of 8.43%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 EPS. As a group, equities research analysts expect that Academy Sports and Outdoors will post 6.68 EPS for the current year.

Insider Buying and Selling

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the sale, the director now owns 7,870 shares in the company, valued at $472,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Academy Sports and Outdoors

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $47,768,000. Point72 Asset Management L.P. raised its stake in Academy Sports and Outdoors by 36.6% in the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after buying an additional 559,414 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $25,933,000. LSV Asset Management raised its stake in Academy Sports and Outdoors by 28.4% in the fourth quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock valued at $109,068,000 after buying an additional 365,855 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Academy Sports and Outdoors by 953.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 403,467 shares of the company’s stock valued at $26,629,000 after buying an additional 365,168 shares during the period.

About Academy Sports and Outdoors

(Get Free Report)

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.

Featured Articles

Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

Receive News & Ratings for Academy Sports and Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Academy Sports and Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.