Several analysts have recently updated their ratings and price targets for Academy Sports and Outdoors (NASDAQ: ASO):
- 9/11/2024 – Academy Sports and Outdoors had its price target raised by analysts at Evercore ISI from $60.00 to $65.00. They now have an “outperform” rating on the stock.
- 9/11/2024 – Academy Sports and Outdoors had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $65.00 price target on the stock.
- 9/11/2024 – Academy Sports and Outdoors had its price target raised by analysts at TD Cowen from $54.00 to $56.00. They now have a “hold” rating on the stock.
- 9/11/2024 – Academy Sports and Outdoors had its price target raised by analysts at Wells Fargo & Company from $46.00 to $51.00. They now have an “equal weight” rating on the stock.
- 9/11/2024 – Academy Sports and Outdoors had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $60.00 price target on the stock.
- 9/11/2024 – Academy Sports and Outdoors had its price target lowered by analysts at Jefferies Financial Group Inc. from $68.00 to $64.00. They now have a “buy” rating on the stock.
- 9/11/2024 – Academy Sports and Outdoors had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $77.00 price target on the stock.
- 9/11/2024 – Academy Sports and Outdoors had its price target raised by analysts at Truist Financial Co. from $60.00 to $63.00. They now have a “buy” rating on the stock.
- 9/5/2024 – Academy Sports and Outdoors had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $65.00 price target on the stock.
- 9/5/2024 – Academy Sports and Outdoors had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $65.00 price target on the stock.
- 8/13/2024 – Academy Sports and Outdoors was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $54.00 price target on the stock, down previously from $58.00.
- 8/12/2024 – Academy Sports and Outdoors had its price target lowered by analysts at Wells Fargo & Company from $55.00 to $46.00. They now have an “equal weight” rating on the stock.
- 8/5/2024 – Academy Sports and Outdoors was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $53.00 price target on the stock, down previously from $76.00.
Academy Sports and Outdoors Stock Down 1.0 %
Academy Sports and Outdoors stock opened at $60.25 on Tuesday. The stock’s 50 day moving average price is $54.43 and its 200 day moving average price is $57.00. The company has a market cap of $4.35 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73.
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last issued its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.07. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.01 earnings per share. On average, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.25 EPS for the current fiscal year.
Academy Sports and Outdoors Announces Dividend
Insider Activity
In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value 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 $552,172. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the transaction, the director now owns 8,906 shares of the company’s stock, valued at $552,172. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction that occurred 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 completion of the sale, the director now directly owns 10,106 shares of the company’s stock, valued at $548,250.50. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.
Institutional Investors Weigh In On Academy Sports and Outdoors
Several hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp acquired a new position in shares of Academy Sports and Outdoors in the 4th quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in Academy Sports and Outdoors during the first quarter worth approximately $35,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors in the first quarter worth $68,000. EverSource Wealth Advisors LLC raised its stake in shares of Academy Sports and Outdoors by 517.6% in the 4th 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 during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at $73,000.
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.
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