Academy Sports and Outdoors' (ASO) Outperform Rating Reaffirmed at Telsey Advisory Group

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Telsey Advisory Group in a research note issued to investors on Tuesday, Marketbeat reports. They presently have a $58.00 target price on the stock, down from their previous target price of $60.00. Telsey Advisory Group's price objective suggests a potential upside of 26.36% from the stock's current price.

A number of other research firms have also weighed in on ASO. Citigroup lowered their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their price target on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Robert W. Baird decreased 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 research report on Friday, March 21st. Loop Capital lowered their price target on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Wedbush dropped their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.31.

Academy Sports and Outdoors Trading Up 1.5%

ASO traded up $0.68 during trading hours on Tuesday, reaching $45.90. 1,516,554 shares of the company's stock traded hands, compared to its average volume of 1,655,769. The firm has a 50-day moving average price of $40.25 and a 200 day moving average price of $47.83. The firm has a market capitalization of $3.05 billion, a PE ratio of 7.54, a PEG ratio of 1.02 and a beta of 1.28. 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 has a 52-week low of $33.34 and a 52-week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 EPS. As a group, sell-side analysts predict that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. AlphaQuest LLC grew its stake in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after buying an additional 496 shares in the last quarter. Your Advocates Ltd. LLP boosted its stake in shares of Academy Sports and Outdoors by 101.5% in the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after buying an additional 411 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after buying an additional 915 shares in the last quarter. LGT Financial Advisors LLC raised its holdings in Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after acquiring an additional 1,000 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock valued at $53,000 after acquiring an additional 362 shares in 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.