Academy Sports and Outdoors’ (ASO) “Outperform” Rating Reaffirmed at Wedbush

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “outperform” rating reissued by Wedbush in a report issued on Wednesday, Benzinga reports. They currently have a $65.00 price target on the stock. Wedbush’s price target suggests a potential upside of 17.37% from the company’s previous close.

ASO has been the topic of several other reports. Truist Financial decreased their target price on shares of Academy Sports and Outdoors from $75.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. Loop Capital reiterated a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a report on Monday, July 1st. Wells Fargo & Company dropped their price objective on Academy Sports and Outdoors from $55.00 to $46.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Evercore ISI lifted their target price on Academy Sports and Outdoors from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, Robert W. Baird dropped their price target on Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.21.

Academy Sports and Outdoors Trading Up 5.2 %

Shares of ASO opened at $55.38 on Wednesday. Academy Sports and Outdoors has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The company has a market capitalization of $3.99 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. The stock has a fifty day moving average of $53.29 and a two-hundred day moving average of $57.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the firm posted $2.01 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, analysts forecast that Academy Sports and Outdoors will post 6.25 EPS for the current year.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the completion of the sale, the director now directly owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ASO. Jones Financial Companies Lllp purchased a new stake in Academy Sports and Outdoors during the 4th quarter worth approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth approximately $35,000. Future Financial Wealth Managment LLC bought a new stake in shares of Academy Sports and Outdoors in the first quarter worth $68,000. EverSource Wealth Advisors LLC raised its holdings in Academy Sports and Outdoors by 517.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after acquiring an additional 880 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in Academy Sports and Outdoors during the 4th quarter valued at $73,000.

Academy Sports and Outdoors Company Profile

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.