Academy Sports and Outdoors (NASDAQ:ASO) Receives "Buy" Rating from Guggenheim

Key Points

• Academy Sports and Outdoors has received a "Buy" rating from Guggenheim with a price target of $60.00, indicating an upside potential of 18.60% from its current price.
• The company's stock is currently trading at approximately $50.59, down 0.5%, with an average price target of $58.78 and a Moderate Buy rating from analysts.
• Academy Sports reported a quarterly EPS of $0.76, missing estimates, and its revenue decreased by 0.9% year-over-year, but it has set guidance for FY 2025 earnings of 5.450-6.25 EPS.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Guggenheim in a research note issued on Monday,Benzinga reports. They presently have a $60.00 price target on the stock. Guggenheim's price objective suggests a potential upside of 18.60% from the stock's current price.

Other analysts have also issued research reports about the stock. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a research report on Monday, August 4th. They issued a "buy" rating and a $65.00 target price on the stock. Evercore ISI lifted their target price on shares of 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. Citigroup downgraded shares of Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Cowen reissued a "hold" rating on shares of Academy Sports and Outdoors in a research note on Wednesday. Finally, Morgan Stanley decreased their price target on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 11th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Academy Sports and Outdoors presently has an average rating of "Moderate Buy" and an average price target of $58.78.

Academy Sports and Outdoors Stock Down 0.5%

ASO opened at $50.59 on Monday. The firm's fifty day moving average is $51.89 and its 200 day moving average is $46.27. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $64.61. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results 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 return on equity of 18.47% and a net margin of 6.21%.The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. 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. On average, sell-side analysts forecast that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Christopher Lee Turner sold 4,400 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the transaction, the director directly owned 7,084 shares of the company's stock, valued at $315,096.32. This represents a 38.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.62% of the company's stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently modified their holdings of ASO. Huntington National Bank grew its holdings in shares of Academy Sports and Outdoors by 214.6% during the second quarter. Huntington National Bank now owns 689 shares of the company's stock worth $31,000 after buying an additional 470 shares in the last quarter. Your Advocates Ltd. LLP lifted its position in shares of Academy Sports and Outdoors by 101.5% during the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock worth $37,000 after purchasing an additional 411 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Academy Sports and Outdoors by 45.6% during the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock worth $53,000 after purchasing an additional 362 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company's stock worth $62,000 after buying an additional 657 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Academy Sports and Outdoors in the first quarter valued at $64,000.

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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