Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $55.00

Key Points

• Evercore ISI has raised the price target for Academy Sports and Outdoors (NASDAQ:ASO) from $50.00 to $55.00, indicating a potential upside of 4.00% from its current price.
• The stock currently holds an average rating of "Hold" among analysts, with a consensus price target of $58.37 and a significant disparity in ratings, where nine analysts rated it as "Buy."
• Academy Sports and Outdoors reported $1.82 earnings per share for the last quarter, missing the consensus estimate of $2.14, while revenue was up 3.3% year-over-year.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its price objective hoisted by stock analysts at Evercore ISI from $50.00 to $55.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the stock. Evercore ISI's price objective would indicate a potential upside of 4.00% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. Monness Crespi & Hardt started coverage on shares of Academy Sports and Outdoors in a research note on Monday, August 4th. They issued a "buy" rating and a $65.00 price objective on the stock. Loop Capital set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, July 21st. Wells Fargo & Company reiterated a "positive" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Academy Sports and Outdoors in a research report on Wednesday, October 8th. Finally, UBS Group reissued a "neutral" rating and issued a $52.00 price objective on shares of Academy Sports and Outdoors in a research note on Sunday, August 31st. Nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $58.37.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $52.88 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $61.25. The firm has a 50-day simple moving average of $50.96 and a 200 day simple moving average of $46.53. The company has a market cap of $3.52 billion, a PE ratio of 9.80, a P/E/G ratio of 0.99 and a beta of 1.28.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.32). Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the business earned $2.03 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. On average, sell-side analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. LSV Asset Management increased its holdings in shares of Academy Sports and Outdoors by 43.0% in the 2nd quarter. LSV Asset Management now owns 3,119,790 shares of the company's stock valued at $139,798,000 after acquiring an additional 937,449 shares during the period. Norges Bank acquired a new position in Academy Sports and Outdoors in the 2nd quarter worth about $34,228,000. Westwood Holdings Group Inc. raised its position in Academy Sports and Outdoors by 36.1% during the first quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company's stock worth $90,901,000 after acquiring an additional 528,367 shares during the period. William Blair Investment Management LLC grew its position in shares of Academy Sports and Outdoors by 45.2% in the second quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company's stock valued at $64,528,000 after purchasing an additional 448,582 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its stake in Academy Sports and Outdoors by 125.0% during the second quarter. Hood River Capital Management LLC now owns 782,742 shares of the company's stock worth $35,075,000 after buying an additional 434,894 shares during the period.

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.

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