Academy Sports and Outdoors (NASDAQ:ASO) PT Raised to $65.00 at Evercore ISI

Academy Sports and Outdoors (NASDAQ:ASO) had its target price upped by equities research analysts at Evercore ISI from $60.00 to $65.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 16.28% from the company’s current price.

ASO has been the topic of several other research reports. Loop Capital reissued a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday. Truist Financial raised their target price on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen raised their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday. Morgan Stanley reduced their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 12th. Finally, UBS Group cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their target price for the company from $81.00 to $58.00 in a report on Wednesday, June 12th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.86.

Academy Sports and Outdoors Stock Up 2.2 %

Shares of ASO opened at $55.90 on Wednesday. The stock has a market capitalization of $4.03 billion, a PE ratio of 8.55, a P/E/G ratio of 0.92 and a beta of 1.34. Academy Sports and Outdoors has a 1 year low of $42.83 and a 1 year high of $75.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62. The company’s 50-day simple moving average is $53.46 and its 200-day simple moving average is $57.76.

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

Insiders Place Their Bets

In other news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently modified their holdings of ASO. Pacer Advisors Inc. purchased a new position in shares of Academy Sports and Outdoors during the second quarter worth approximately $174,054,000. Norges Bank purchased a new position in shares of Academy Sports and Outdoors during the fourth quarter worth approximately $47,768,000. Point72 Asset Management L.P. grew its position in shares of Academy Sports and Outdoors by 36.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock worth $137,878,000 after acquiring an additional 559,414 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Academy Sports and Outdoors by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after acquiring an additional 481,640 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Academy Sports and Outdoors by 953.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 403,467 shares of the company’s stock worth $26,629,000 after acquiring an additional 365,168 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.