Robert W. Baird Has Lowered Expectations for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its target price reduced by stock analysts at Robert W. Baird from $68.00 to $65.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 23.62% from the stock’s previous close.

A number of other analysts have also recently commented on ASO. Evercore ISI cut Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $65.00 to $60.00 in a research note on Thursday, October 3rd. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Jefferies Financial Group reduced their price target on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. TD Cowen upped their price objective on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, September 11th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Hold” and an average price target of $61.00.

Academy Sports and Outdoors Trading Up 4.3 %

ASO stock opened at $52.58 on Wednesday. The business has a fifty day moving average of $51.52 and a 200-day moving average of $53.47. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.70 billion, a P/E ratio of 8.11, a PEG ratio of 0.97 and a beta of 1.31. Academy Sports and Outdoors has a twelve month low of $44.73 and a twelve month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the business posted $1.38 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, equities research analysts expect that Academy Sports and Outdoors will post 6 EPS for the current year.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. This represents a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Academy Sports and Outdoors

Large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new stake in Academy Sports and Outdoors in the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth about $40,000. TD Private Client Wealth LLC acquired a new position in Academy Sports and Outdoors in the 3rd quarter valued at about $40,000. Farther Finance Advisors LLC raised its holdings in Academy Sports and Outdoors by 98.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after acquiring an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in Academy Sports and Outdoors during the third quarter worth approximately $58,000.

About Academy Sports and Outdoors

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.