Telsey Advisory Group Reaffirms "Outperform" Rating for Academy Sports and Outdoors (NASDAQ:ASO)

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report)'s stock had its "outperform" rating restated by equities researchers at Telsey Advisory Group in a report issued on Tuesday,Benzinga reports. They presently have a $60.00 price target on the stock. Telsey Advisory Group's price objective suggests a potential upside of 40.19% from the company's previous close.

A number of other brokerages have also recently issued reports on ASO. Jefferies Financial Group set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Thursday, March 20th. Loop Capital decreased their price objective on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Truist Financial set a $45.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, May 7th. Citigroup cut their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Finally, B. Riley lowered their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.00.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO traded up $0.04 during mid-day trading on Tuesday, hitting $42.80. 1,224,243 shares of the stock traded hands, compared to its average volume of 1,655,136. The business's 50-day moving average price is $40.24 and its 200 day moving average price is $47.93. The company has a market cap of $2.85 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28. Academy Sports and Outdoors has a 12-month low of $33.34 and a 12-month high of $64.62. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the previous year, the company earned $2.21 EPS. The business's quarterly revenue was down 6.6% compared to the same quarter last year. On average, analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.