Jefferies Financial Group Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $64.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price target reduced by research analysts at Jefferies Financial Group from $68.00 to $64.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 14.49% from the company’s current price.

Other research analysts have also issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday. Telsey Advisory Group reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $76.00 to $53.00 in a research note on Monday, August 5th. Bank of America lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their target price for the company from $75.00 to $63.00 in a research note on Tuesday, June 11th. Finally, UBS Group lowered 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 research note on Wednesday, June 12th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.86.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $55.90 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. 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 50-day simple moving average of $53.46 and a 200 day simple moving average of $57.76. The company has a market cap 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 (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Academy Sports and Outdoors will post 6.25 EPS for the current year.

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of the 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 completion of the sale, the director now directly owns 10,106 shares of the company’s stock, valued at $548,250.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.19% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of large investors have recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new stake in shares of Academy Sports and Outdoors in the 2nd quarter valued at approximately $174,054,000. Dimensional Fund Advisors LP lifted its position in shares of Academy Sports and Outdoors by 19.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after acquiring an additional 481,640 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Academy Sports and Outdoors by 36.6% in the 4th quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after acquiring an additional 559,414 shares in the last quarter. LSV Asset Management lifted its position in shares of Academy Sports and Outdoors by 4.2% in the 2nd quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after acquiring an additional 69,700 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its position in shares of Academy Sports and Outdoors by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock valued at $85,903,000 after acquiring an additional 29,912 shares in 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.