TD Cowen Boosts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $56.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price target boosted by research analysts at TD Cowen from $54.00 to $56.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential upside of 0.18% from the company’s current price.

A number of other analysts have also commented on the company. Bank of America lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $75.00 to $63.00 in a report on Tuesday, June 11th. UBS Group lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their target price for the company from $81.00 to $58.00 in a report on Wednesday, June 12th. JPMorgan Chase & Co. lowered Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $76.00 to $53.00 in a report on Monday, August 5th. Truist Financial upped their target price on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.86.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $55.90 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62. The stock has a 50 day moving average price of $53.46 and a two-hundred day moving average price of $57.76. The firm has a market capitalization of $4.03 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.92 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.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.01 EPS. Equities analysts forecast that Academy Sports and Outdoors will post 6.25 earnings per share for the current fiscal year.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the sale, the director now owns 10,106 shares in the company, valued at $548,250.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several institutional investors have recently made changes to their positions in ASO. Pacer Advisors Inc. purchased a new stake in shares of Academy Sports and Outdoors during the second quarter worth $174,054,000. Norges Bank bought a new position in shares of Academy Sports and Outdoors in the fourth quarter worth $47,768,000. Point72 Asset Management L.P. increased its holdings 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 worth $137,878,000 after purchasing an additional 559,414 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Academy Sports and Outdoors by 19.4% in 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 period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Academy Sports and Outdoors by 953.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 403,467 shares of the company’s stock worth $26,629,000 after purchasing an additional 365,168 shares during the period.

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.