Academy Sports and Outdoors (NASDAQ:ASO) Stock Price Expected to Rise, Evercore ISI Analyst Says

Key Points

• Evercore ISI has raised its price target for Academy Sports and Outdoors from $50.00 to $55.00, suggesting a potential upside of 1.50% from the current stock price.
• Multiple analysts have varied price targets for the stock, with Telsey Advisory Group setting a target as high as $65.00, while Citigroup has lowered its target to $55.00.
• Academy Sports and Outdoors recently reported a quarterly earnings miss, with earnings per share of $0.76, falling short of the consensus estimate of $0.89.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its price target hoisted by investment analysts at Evercore ISI from $50.00 to $55.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the stock. Evercore ISI's price objective indicates a potential upside of 1.50% from the stock's current price.

ASO has been the topic of a number of other research reports. Telsey Advisory Group lifted their price objective on shares of Academy Sports and Outdoors from $58.00 to $65.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Citigroup dropped their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, June 4th. Morgan Stanley dropped their price target on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 11th. Truist Financial lifted their price target on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a research note on Wednesday, June 11th. Finally, UBS Group dropped their price target on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating for the company in a research note on Wednesday, June 4th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.35.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $54.1890 on Tuesday. Academy Sports and Outdoors has a 12-month low of $33.34 and a 12-month high of $64.61. The stock has a market capitalization of $3.60 billion, a P/E ratio of 9.92, a P/E/G ratio of 1.01 and a beta of 1.30. The firm's 50-day moving average is $50.51 and its two-hundred day moving average is $46.29. 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 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%.The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. The company'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. Equities analysts predict that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Christopher Lee Turner sold 4,400 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the sale, the director owned 7,084 shares of the company's stock, valued at $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.62% of the stock is owned by insiders.

Institutional Investors Weigh In On Academy Sports and Outdoors

Institutional investors have recently bought and sold shares of the stock. Huntington National Bank lifted its holdings in Academy Sports and Outdoors by 214.6% in the second quarter. Huntington National Bank now owns 689 shares of the company's stock worth $31,000 after purchasing an additional 470 shares during the period. Your Advocates Ltd. LLP lifted its holdings in Academy Sports and Outdoors by 101.5% in 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 during the period. LGT Financial Advisors LLC lifted its holdings in Academy Sports and Outdoors by 1,041.7% in the 4th 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 during the last quarter. TD Private Client Wealth LLC boosted its position in shares of Academy Sports and Outdoors by 45.6% during the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock valued at $53,000 after purchasing an additional 362 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company's stock valued at $62,000 after purchasing an additional 657 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.

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