Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $55.00 at Citigroup

Academy Sports and Outdoors (NASDAQ:ASO - Free Report) had its target price cut by Citigroup from $60.00 to $55.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Jefferies Financial Group set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Thursday, March 20th. Robert W. Baird dropped their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Loop Capital decreased their price target on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, B. Riley decreased their price target on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $57.00.

Academy Sports and Outdoors Stock Performance

Shares of 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 firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 1.02 and a beta of 1.28. The firm has a 50-day moving average price of $40.12 and a 200 day moving average price of $47.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS 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 analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm earned $2.21 EPS. The firm's revenue was down 6.6% compared to the same quarter last year. As a group, research analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently bought and sold shares of ASO. Blue Trust Inc. grew its position in Academy Sports and Outdoors by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock valued at $151,000 after buying an additional 334 shares during the last quarter. KBC Group NV raised its stake in shares of Academy Sports and Outdoors by 88.4% during the 4th quarter. KBC Group NV now owns 3,926 shares of the company's stock worth $226,000 after buying an additional 1,842 shares during the last quarter. Tectonic Advisors LLC raised its stake in shares of Academy Sports and Outdoors by 31.5% during the 4th quarter. Tectonic Advisors LLC now owns 26,612 shares of the company's stock worth $1,531,000 after buying an additional 6,377 shares during the last quarter. Choreo LLC acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth $278,000. Finally, Meritage Portfolio Management increased its position in Academy Sports and Outdoors by 12.6% during the 4th quarter. Meritage Portfolio Management now owns 9,684 shares of the company's stock worth $557,000 after purchasing an additional 1,087 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.