Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $60.00 at Robert W. Baird

Academy Sports and Outdoors (NASDAQ:ASO) had its target price cut by investment analysts at Robert W. Baird from $65.00 to $60.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 27.04% from the company’s previous close.

ASO has been the subject of several other reports. Truist Financial lifted their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. UBS Group reduced their price target on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Finally, Citigroup reduced their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.38.

Academy Sports and Outdoors Trading Down 0.4 %

Academy Sports and Outdoors stock opened at $47.23 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 52 week low of $43.16 and a 52 week high of $68.96. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The stock has a 50-day moving average price of $51.09 and a 200 day moving average price of $53.15.

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

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Academy Sports and Outdoors by 2.6% in the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after acquiring an additional 50,715 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Academy Sports and Outdoors by 66.4% in the third quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock worth $5,582,000 after acquiring an additional 38,155 shares during the last quarter. FMR LLC boosted its stake in shares of Academy Sports and Outdoors by 15.3% in the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after acquiring an additional 1,422,971 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Academy Sports and Outdoors by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock worth $40,974,000 after acquiring an additional 90,592 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in shares of Academy Sports and Outdoors in the third quarter worth approximately $633,000.

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.