Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $60.00 at Robert W. Baird

Academy Sports and Outdoors (NASDAQ:ASO) had its price target lowered by research analysts at Robert W. Baird from $65.00 to $60.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 26.53% from the stock’s current price.

Several other brokerages have also recently issued reports on ASO. Truist Financial upped their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Telsey Advisory Group restated an “outperform” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. UBS Group dropped their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, TD Cowen lifted their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.47.

Academy Sports and Outdoors Stock Down 0.3 %

ASO stock opened at $47.42 on Friday. The company has a market capitalization of $3.29 billion, a P/E ratio of 7.79, a PEG ratio of 1.02 and a beta of 1.25. The firm has a 50 day simple moving average of $51.30 and a 200-day simple moving average of $53.22. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the firm earned $2.21 EPS. The company’s revenue was down 6.6% on a year-over-year basis. On average, equities research analysts predict that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Institutional Trading of Academy Sports and Outdoors

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. raised its holdings in Academy Sports and Outdoors by 3.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company’s stock worth $378,000 after purchasing an additional 210 shares in the last quarter. Nichols & Pratt Advisers LLP MA raised its stake in shares of Academy Sports and Outdoors by 4.7% in the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company’s stock worth $322,000 after buying an additional 250 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Academy Sports and Outdoors by 5.7% in the fourth quarter. Xponance Inc. now owns 4,916 shares of the company’s stock valued at $283,000 after buying an additional 266 shares during the period. HighTower Advisors LLC boosted its stake in Academy Sports and Outdoors by 6.2% during the third quarter. HighTower Advisors LLC now owns 5,553 shares of the company’s stock valued at $324,000 after buying an additional 323 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after acquiring an additional 334 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.