Academy Sports and Outdoors (NASDAQ:ASO) Given New $70.00 Price Target at Oppenheimer

Academy Sports and Outdoors (NASDAQ:ASO) had its target price decreased by equities researchers at Oppenheimer from $85.00 to $70.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective would indicate a potential upside of 48.21% from the company’s current price.

Other research analysts also recently issued research reports about the stock. B. Riley cut their price target on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday. Robert W. Baird cut their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday. TD Cowen raised their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Wedbush restated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Finally, Morgan Stanley cut their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.38.

Academy Sports and Outdoors Stock Down 0.4 %

ASO stock opened at $47.23 on Friday. Academy Sports and Outdoors has a 12-month low of $43.16 and a 12-month high of $68.96. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 1.02 and a beta of 1.25. The company has a 50 day moving average of $51.09 and a two-hundred day moving average of $53.15.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm earned $2.21 EPS. The company’s revenue was down 6.6% compared to the same quarter last year. On average, equities analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Institutional Trading of Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC grew its position in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after purchasing an additional 1,422,971 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Academy Sports and Outdoors by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company’s stock worth $212,807,000 after purchasing an additional 404,863 shares during the last quarter. Pacer Advisors Inc. grew its position in Academy Sports and Outdoors by 8.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock worth $152,413,000 after purchasing an additional 197,384 shares during the last quarter. Geode Capital Management LLC grew its position in Academy Sports and Outdoors by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after purchasing an additional 50,715 shares during the last quarter. Finally, LSV Asset Management grew its position in Academy Sports and Outdoors by 14.2% in the 4th quarter. LSV Asset Management now owns 1,940,041 shares of the company’s stock worth $111,611,000 after purchasing an additional 241,100 shares during the last quarter.

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.