Telsey Advisory Group Lowers Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $60.00

Key Points

• Telsey Advisory Group lowered Academy Sports and Outdoors’ price target from $65 to $60 while maintaining an “outperform” rating, implying roughly 40% upside from the prior close.
• Analyst sentiment is mixed: the stock carries a consensus “Hold” rating and an average target price of $57.71, with targets ranging from $55 to $78.
• Academy reported quarterly EPS of $0.93, exceeding estimates by $0.02, while revenue reached $1.44 billion and increased 6.7% year over year; shares opened at $42.81.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its price objective dropped by investment analysts at Telsey Advisory Group from $65.00 to $60.00 in a report released on Wednesday, Briefing.com reports. The brokerage presently has an "outperform" rating on the stock. Telsey Advisory Group's price target indicates a potential upside of 40.15% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. UBS Group decreased their price objective on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a "neutral" rating for the company in a report on Wednesday, June 10th. Stephens assumed coverage on Academy Sports and Outdoors in a research note on Wednesday, May 13th. They set an "overweight" rating and a $78.00 price objective for the company. JPMorgan Chase & Co. cut their price target on Academy Sports and Outdoors from $60.00 to $59.00 and set a "neutral" rating on the stock in a report on Wednesday, June 10th. Wells Fargo & Company reissued a "hold" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. Finally, Weiss Ratings cut shares of Academy Sports and Outdoors from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $57.71.

Academy Sports and Outdoors Stock Down 0.3%

Shares of Academy Sports and Outdoors stock opened at $42.81 on Wednesday. The business has a 50-day moving average price of $47.16 and a 200 day moving average price of $52.21. Academy Sports and Outdoors has a fifty-two week low of $41.29 and a fifty-two week high of $62.44. The firm has a market cap of $2.66 billion, a P/E ratio of 7.54, a P/E/G ratio of 0.62 and a beta of 1.02. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.Academy Sports and Outdoors's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. On average, sell-side analysts forecast that Academy Sports and Outdoors will post 6.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Academy Sports and Outdoors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Academy Sports and Outdoors during the 2nd quarter valued at approximately $468,146,000. Kingsview Wealth Management LLC bought a new position in shares of Academy Sports and Outdoors during the 4th quarter worth about $2,660,000. Systematic Financial Management LP grew its stake in shares of Academy Sports and Outdoors by 22.7% in the 4th quarter. Systematic Financial Management LP now owns 319,748 shares of the company's stock valued at $15,975,000 after purchasing an additional 59,051 shares during the period. King Luther Capital Management Corp grew its position in Academy Sports and Outdoors by 12.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company's stock valued at $78,591,000 after acquiring an additional 176,463 shares during the period. Finally, Delphi Management Inc. MA acquired a new stake in shares of Academy Sports and Outdoors in the 1st quarter valued at $1,190,000.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company's product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.

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