UBS Group Lowers Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $48.00

Academy Sports and Outdoors (NASDAQ:ASO - Free Report) had its price target lowered by UBS Group from $54.00 to $48.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

ASO has been the topic of a number of other reports. Telsey Advisory Group reissued an "outperform" rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday. Jefferies Financial Group set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Thursday, March 20th. Truist Financial set a $45.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, May 7th. Wells Fargo & Company raised their target price on Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Morgan Stanley cut their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $57.00.

Academy Sports and Outdoors Stock Up 0.2%

Shares of NASDAQ ASO traded up $0.10 during trading hours on Wednesday, hitting $42.90. The stock had a trading volume of 1,495,183 shares, compared to its average volume of 1,657,769. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The company has a market capitalization of $2.85 billion, a P/E ratio of 7.04, a P/E/G ratio of 1.02 and a beta of 1.28. The firm's 50-day moving average price is $40.17 and its two-hundred day moving average price is $47.89. Academy Sports and Outdoors has a 52 week low of $33.34 and a 52 week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the firm posted $2.21 EPS. The firm's revenue for the quarter was down 6.6% on a year-over-year basis. Analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently bought and sold shares of ASO. Fund 1 Investments LLC bought a new stake in shares of Academy Sports and Outdoors in the 4th quarter valued at $4,929,000. Bank of New York Mellon Corp boosted its position in shares of Academy Sports and Outdoors by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company's stock worth $40,974,000 after purchasing an additional 90,592 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Academy Sports and Outdoors during the 4th quarter worth about $1,969,000. Wells Fargo & Company MN raised its holdings in Academy Sports and Outdoors by 11.4% during the fourth quarter. Wells Fargo & Company MN now owns 216,686 shares of the company's stock worth $12,466,000 after buying an additional 22,146 shares during the last quarter. Finally, Pacifica Capital Investments LLC lifted its position in Academy Sports and Outdoors by 7.9% in the 4th quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company's stock valued at $23,041,000 after acquiring an additional 29,410 shares in the last quarter.

About Academy Sports and Outdoors

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.