Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $61.00 at TD Cowen

Academy Sports and Outdoors (NASDAQ:ASO) had its target price boosted by stock analysts at TD Cowen from $54.00 to $61.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential upside of 3.64% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Evercore ISI cut shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. Telsey Advisory Group reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Wells Fargo & Company increased their target price on 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. Truist Financial increased their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.67.

Academy Sports and Outdoors Trading Up 2.2 %

Academy Sports and Outdoors stock opened at $58.86 on Wednesday. The stock has a 50-day simple moving average of $52.78 and a 200 day simple moving average of $53.82. The stock has a market capitalization of $4.08 billion, a P/E ratio of 9.67, a PEG ratio of 1.06 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.57. Academy Sports and Outdoors has a 52 week low of $44.73 and a 52 week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the firm posted $1.38 earnings per share. The firm’s revenue was down 3.9% compared to the same quarter last year. Analysts expect that Academy Sports and Outdoors will post 5.92 earnings per share for the current year.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds have recently added to or reduced their stakes in ASO. Harbor Capital Advisors Inc. bought a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in Academy Sports and Outdoors in the third quarter valued at about $40,000. TD Private Client Wealth LLC bought a new stake in shares of Academy Sports and Outdoors during the third quarter worth about $40,000. Farther Finance Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after buying an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in Academy Sports and Outdoors in the 3rd quarter valued at approximately $58,000.

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.