Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $65.00 at B. Riley

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective decreased by equities research analysts at B. Riley from $70.00 to $65.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price target points to a potential upside of 37.62% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Citigroup dropped their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, March 17th. Wedbush restated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. TD Cowen raised their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Morgan Stanley decreased their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, UBS Group decreased their target price on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.38.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO opened at $47.23 on Friday. Academy Sports and Outdoors has a 1-year low of $43.16 and a 1-year high of $68.96. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $51.09 and a 200 day simple moving average of $53.15. The stock has a market capitalization of $3.28 billion, a PE ratio of 7.76, a P/E/G ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm posted $2.21 EPS. The company’s quarterly revenue was down 6.6% on a year-over-year basis. On average, research analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its holdings in Academy Sports and Outdoors by 3.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company’s stock worth $378,000 after purchasing an additional 210 shares in the last quarter. Nichols & Pratt Advisers LLP MA raised its holdings in shares of Academy Sports and Outdoors by 4.7% in the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company’s stock valued at $322,000 after acquiring an additional 250 shares in the last quarter. Xponance Inc. raised its holdings in shares of Academy Sports and Outdoors by 5.7% in the 4th quarter. Xponance Inc. now owns 4,916 shares of the company’s stock valued at $283,000 after acquiring an additional 266 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Academy Sports and Outdoors by 6.2% in the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company’s stock valued at $324,000 after acquiring an additional 323 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Academy Sports and Outdoors by 14.8% during the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after purchasing an additional 334 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.