Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $60.00 at Wedbush

Academy Sports and Outdoors (NASDAQ:ASO) had its price target cut by stock analysts at Wedbush 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. Wedbush’s target price would suggest a potential upside of 26.00% from the stock’s previous close.

A number of other research analysts have also recently weighed in on ASO. Citigroup dropped their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday. TD Cowen boosted their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Truist Financial increased 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. B. Riley lowered their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Friday. Finally, Oppenheimer reduced their price target on Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.31.

Academy Sports and Outdoors Trading Up 0.4 %

ASO stock traded up $0.20 during midday trading on Friday, hitting $47.62. 583,882 shares of the company’s stock were exchanged, compared to its average volume of 1,593,810. Academy Sports and Outdoors has a 1-year low of $43.16 and a 1-year high of $68.96. The business has a 50-day simple moving average of $51.30 and a two-hundred day simple moving average of $53.22. The stock has a market capitalization of $3.30 billion, a PE ratio of 7.82, a P/E/G ratio of 1.02 and a beta of 1.25. 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 (NASDAQ:ASO) last posted its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the company posted $2.21 EPS. On average, sell-side analysts predict that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Institutional Trading of Academy Sports and Outdoors

Several institutional investors and hedge funds have recently made changes to their positions in the stock. TD Private Client Wealth LLC acquired a new position in Academy Sports and Outdoors in the 3rd quarter valued at about $40,000. AlphaQuest LLC grew its holdings in shares of Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after buying an additional 496 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after buying an additional 915 shares during the last quarter. LGT Financial Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after purchasing an additional 1,000 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Academy Sports and Outdoors by 242.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after buying an additional 843 shares during 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.