Academy Sports and Outdoors’ (ASO) “Outperform” Rating Reiterated at Wedbush

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a report issued on Thursday, Benzinga reports. They currently have a $65.00 price target on the stock. Wedbush’s target price indicates a potential upside of 21.31% from the stock’s current price.

A number of other equities research analysts have also issued reports on ASO. Robert W. Baird reduced their target price on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Bank of America lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $75.00 to $63.00 in a report on Tuesday, June 11th. UBS Group lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $81.00 to $58.00 in a report on Wednesday, June 12th. Morgan Stanley reduced their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 12th. Finally, Loop Capital restated a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, July 1st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus target price of $64.93.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $53.58 on Thursday. The firm has a market cap of $3.86 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 0.95 and a beta of 1.34. Academy Sports and Outdoors has a 52-week low of $42.83 and a 52-week high of $75.73. The company has a quick ratio of 0.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $53.16 and its two-hundred day moving average is $58.18.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. Academy Sports and Outdoors’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 earnings per share. On average, research analysts expect that Academy Sports and Outdoors will post 6.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Academy Sports and Outdoors 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 directly owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ASO. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Academy Sports and Outdoors by 3.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock valued at $548,000 after acquiring an additional 250 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Academy Sports and Outdoors by 4.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 5,980 shares of the company’s stock valued at $395,000 after acquiring an additional 265 shares in the last quarter. Trust Investment Advisors boosted its holdings in shares of Academy Sports and Outdoors by 1.8% in the second quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock valued at $800,000 after acquiring an additional 266 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of Academy Sports and Outdoors by 3.6% in the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock valued at $409,000 after acquiring an additional 269 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Academy Sports and Outdoors by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,410 shares of the company’s stock valued at $1,875,000 after acquiring an additional 276 shares in the last quarter.

Academy Sports and Outdoors Company Profile

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.