Academy Sports and Outdoors (NASDAQ:ASO) Price Target Cut to $64.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective lowered by investment analysts at Jefferies Financial Group from $68.00 to $64.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 16.87% from the company’s current price.

A number of other equities analysts also recently commented on the stock. UBS Group downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $81.00 to $58.00 in a research note on Wednesday, June 12th. Bank of America lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $75.00 to $63.00 in a research report on Tuesday, June 11th. Wells Fargo & Company increased their price objective on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $76.00 to $53.00 in a report on Monday, August 5th. Finally, TD Cowen increased their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and a consensus price target of $62.86.

Academy Sports and Outdoors Stock Down 1.1 %

Shares of ASO stock traded down $0.62 on Wednesday, hitting $54.76. 692,557 shares of the stock were exchanged, compared to its average volume of 1,465,243. The business has a 50-day moving average of $53.29 and a 200 day moving average of $57.80. Academy Sports and Outdoors has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The firm has a market capitalization of $3.95 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. The company has a current ratio of 1.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

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

Insider Activity

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the transaction, the director now owns 10,106 shares in the company, valued at approximately $548,250.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp lifted its position in Academy Sports and Outdoors by 3.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock worth $548,000 after purchasing an additional 250 shares during the period. Trust Investment Advisors boosted its position in shares of Academy Sports and Outdoors by 1.8% during the 2nd quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock worth $800,000 after acquiring an additional 266 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in Academy Sports and Outdoors by 3.6% in the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock valued at $409,000 after acquiring an additional 269 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Academy Sports and Outdoors by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,410 shares of the company’s stock valued at $1,875,000 after purchasing an additional 276 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in Academy Sports and Outdoors by 2.1% during the first quarter. Moody National Bank Trust Division now owns 13,487 shares of the company’s stock worth $911,000 after purchasing an additional 276 shares during the last quarter.

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.