Academy Sports and Outdoors (NASDAQ:ASO) Given "Outperform" Rating at Telsey Advisory Group

Key Points

• Academy Sports and Outdoors receives an "outperform" rating from Telsey Advisory Group, with a target price of $65.00, suggesting a potential upside of 28.64% from its current price.
• The company reported $0.76 EPS for the last quarter, falling short of the $0.89 analysts anticipated, with a net margin of 6.55% and revenue of $1.35 billion.
• Currently, Academy Sports and Outdoors has an average consensus rating of "Moderate Buy" from analysts, with nine buys and eight holds among assessed ratings.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report)'s stock had its "outperform" rating restated by research analysts at Telsey Advisory Group in a report issued on Tuesday,Benzinga reports. They presently have a $65.00 price objective on the stock. Telsey Advisory Group's price objective would indicate a potential upside of 28.64% from the company's current price.

A number of other brokerages also recently commented on ASO. UBS Group reiterated a "neutral" rating and set a $52.00 price objective on shares of Academy Sports and Outdoors in a research report on Sunday. Truist Financial increased their price objective on Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a "hold" rating in a research report on Wednesday, June 11th. Evercore ISI increased their price objective on Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an "in-line" rating in a research report on Tuesday, August 26th. Morgan Stanley reduced their target price on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, June 11th. Finally, Loop Capital set a $65.00 target price on Academy Sports and Outdoors in a report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, Academy Sports and Outdoors has an average rating of "Moderate Buy" and a consensus price target of $58.59.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO traded down $3.02 on Tuesday, reaching $50.53. 1,014,658 shares of the company traded hands, compared to its average volume of 1,635,766. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $64.61. The company's 50 day moving average is $51.50 and its 200-day moving average is $46.33. The stock has a market capitalization of $3.36 billion, a PE ratio of 9.25, a P/E/G ratio of 1.01 and a beta of 1.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.52 and a quick ratio of 0.29.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company posted $1.08 EPS. Academy Sports and Outdoors's revenue was down .9% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. As a group, analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the sale, the director directly owned 7,084 shares in the company, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.62% of the company's stock.

Institutional Trading of Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently modified their holdings of the company. Impala Asset Management LLC raised its holdings in shares of Academy Sports and Outdoors by 57.9% during the second quarter. Impala Asset Management LLC now owns 481,924 shares of the company's stock worth $21,614,000 after acquiring an additional 176,773 shares in the last quarter. State of Wyoming increased its position in Academy Sports and Outdoors by 208.7% during the second quarter. State of Wyoming now owns 18,050 shares of the company's stock worth $809,000 after buying an additional 12,203 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Academy Sports and Outdoors by 5.9% during the second quarter. Westwood Holdings Group Inc. now owns 2,110,172 shares of the company's stock worth $94,557,000 after buying an additional 117,175 shares during the last quarter. Caxton Associates LLP acquired a new position in Academy Sports and Outdoors during the second quarter worth $1,513,000. Finally, Public Sector Pension Investment Board increased its position in Academy Sports and Outdoors by 3.1% during the second quarter. Public Sector Pension Investment Board now owns 226,811 shares of the company's stock worth $10,163,000 after buying an additional 6,744 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.

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