Academy Sports and Outdoors’ (ASO) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research note published on Thursday morning, Benzinga reports. The firm currently has a $65.00 price target on the stock.

Several other equities analysts have also recently weighed in on the stock. TD Cowen cut shares of Academy Sports and Outdoors from a buy rating to a hold rating and lowered their price objective for the stock from $58.00 to $54.00 in a research report on Tuesday, August 13th. UBS Group lowered Academy Sports and Outdoors from a buy rating to a neutral rating and dropped their price target for the company from $81.00 to $58.00 in a research report on Wednesday, June 12th. Morgan Stanley decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an equal weight rating for the company in a research report on Wednesday, June 12th. JPMorgan Chase & Co. cut Academy Sports and Outdoors from an overweight rating to a neutral rating and lowered their target price for the company from $76.00 to $53.00 in a research note on Monday, August 5th. Finally, Wedbush reissued an outperform rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Thursday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $64.93.

Academy Sports and Outdoors Stock Down 0.0 %

Shares of Academy Sports and Outdoors stock opened at $53.81 on Thursday. The company has a quick ratio of 0.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 12-month low of $42.83 and a 12-month high of $75.73. The firm has a market capitalization of $3.88 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.95 and a beta of 1.34. The stock’s fifty day moving average is $53.15 and its 200-day moving average is $58.29.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. Academy Sports and Outdoors’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. Equities analysts anticipate that Academy Sports and Outdoors will post 6.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the transaction, the director now owns 10,106 shares in the company, valued at approximately $548,250.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in Academy Sports and Outdoors by 52.3% during the fourth quarter. Victory Capital Management Inc. now owns 46,454 shares of the company’s stock valued at $3,066,000 after purchasing an additional 15,955 shares during the last quarter. Verition Fund Management LLC raised its holdings in Academy Sports and Outdoors by 1,014.0% in the 4th quarter. Verition Fund Management LLC now owns 213,542 shares of the company’s stock worth $14,094,000 after acquiring an additional 194,373 shares during the period. Goldman Sachs Group Inc. lifted its position in Academy Sports and Outdoors by 20.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock worth $66,725,000 after acquiring an additional 172,783 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in Academy Sports and Outdoors during the first quarter valued at about $1,021,000. Finally, Point72 Asset Management L.P. grew its position in shares of Academy Sports and Outdoors by 36.6% in the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after purchasing an additional 559,414 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.