Academy Sports and Outdoors (NASDAQ:ASO) Earns Outperform Rating from Wedbush

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a report issued on Wednesday,RTT News reports. They presently have a $65.00 price objective on the stock. Wedbush’s price objective indicates a potential upside of 21.95% from the stock’s current price.

Other research analysts have also issued reports about the stock. Morgan Stanley restated an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. Truist Financial boosted their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday. Loop Capital reiterated a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company boosted their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.07.

Academy Sports and Outdoors Trading Down 2.2 %

NASDAQ ASO opened at $53.30 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. The firm has a market cap of $3.75 billion, a PE ratio of 8.23, a P/E/G ratio of 0.97 and a beta of 1.31. Academy Sports and Outdoors has a one year low of $44.73 and a one year high of $75.73. The firm’s fifty day moving average is $51.47 and its two-hundred day moving average is $53.47.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 earnings per share. Analysts expect that Academy Sports and Outdoors will post 6 earnings per share for the current year.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the sale, the director now owns 8,906 shares of the company’s stock, valued at $552,172. This represents a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.19% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of institutional investors have recently modified their holdings of the company. FMR LLC raised its position 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 valued at $626,755,000 after buying an additional 1,422,971 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Academy Sports and Outdoors during the second quarter worth approximately $174,054,000. Dimensional Fund Advisors LP increased its position in Academy Sports and Outdoors by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after purchasing an additional 481,640 shares during the last quarter. Geode Capital Management LLC increased its position in Academy Sports and Outdoors by 2.6% during the third 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 increased its position in Academy Sports and Outdoors by 4.2% during the second quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock worth $91,683,000 after purchasing an additional 69,700 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.