Academy Sports and Outdoors (NASDAQ:ASO) Stock Bumped Down to Hold by Loop Capital

Key Points

• Loop Capital downgraded Academy Sports and Outdoors from Buy to Hold. Despite the downgrade, analysts’ consensus remains “Moderate Buy,” with an average price target of $60.71.
• The retailer reported quarterly EPS of $2.31, beating the $2.07 estimate; revenue was $1.65 billion, in line with forecasts and up 3% year over year.
• Shares rose 5.8% and opened at $71.18 on Tuesday. Company insiders sold a combined 106,315 shares over the past 90 days.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) was downgraded by stock analysts at Loop Capital from a "buy" rating to a "hold" rating in a research note issued on Tuesday, FinViz reports.

ASO has been the subject of a number of other research reports. Truist Financial lifted their target price on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "hold" rating in a report on Thursday, September 10th. Barclays increased their price target on Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 10th. UBS Group raised their price objective on Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a "neutral" rating in a research note on Thursday, September 10th. BMO Capital Markets set a $42.00 price objective on Academy Sports and Outdoors and gave the company a "market perform" rating in a report on Thursday, September 10th. Finally, Weiss Ratings upgraded Academy Sports and Outdoors from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.71.

Academy Sports and Outdoors Stock Up 5.8%

Academy Sports and Outdoors stock opened at $71.18 on Tuesday. The firm has a market capitalization of $4.38 billion, a PE ratio of 11.86, a P/E/G ratio of 0.94 and a beta of 0.94. The company's 50-day moving average is $53.99 and its 200-day moving average is $53.07. Academy Sports and Outdoors has a fifty-two week low of $41.29 and a fifty-two week high of $71.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 0.35.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $0.24. The business had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.65 billion. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%. Academy Sports and Outdoors's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $1.94 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Sell-side analysts anticipate that Academy Sports and Outdoors will post 6.24 earnings per share for the current year.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Brian T. Marley sold 10,432 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total transaction of $555,504.00. Following the completion of the transaction, the director owned 32,607 shares of the company's stock, valued at approximately $1,736,322.75. The trade was a 24.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Samuel Johnson sold 70,303 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $51.79, for a total transaction of $3,640,992.37. Following the completion of the transaction, the president directly owned 36,861 shares of the company's stock, valued at $1,909,031.19. This trade represents a 65.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 106,315 shares of company stock valued at $5,576,537. 4.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Academy Sports and Outdoors by 52.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 736 shares of the company's stock worth $35,000 after buying an additional 252 shares during the period. Heritage Family Offices LLP bought a new position in shares of Academy Sports and Outdoors during the third quarter valued at $36,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Academy Sports and Outdoors during the second quarter worth $38,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Academy Sports and Outdoors by 38.9% during the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company's stock worth $52,000 after purchasing an additional 258 shares during the period. Finally, State of Wyoming bought a new stake in shares of Academy Sports and Outdoors in the 2nd quarter valued at about $55,000.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer that sells products through its stores and e-commerce platform. Its merchandise includes sports and fitness equipment, outdoor and camping gear, hunting and fishing supplies, apparel, footwear and recreation products.

The company serves customers primarily in the southern and eastern United States through a network of retail locations. Its stores offer products for a range of sports and outdoor activities, as well as items for everyday use.

Founded in 1938, Academy began as a family-owned business in Texas and grew into a regional sporting goods retailer.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.