JPMorgan Chase & Co. Increases Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $56.00

Key Points

• JPMorgan Chase & Co. has raised the price target for Academy Sports and Outdoors from $54.00 to $56.00, indicating a potential upside of 11.58% from the stock's previous close.
• Other analysts, including UBS and Bank of America, have maintained neutral ratings with target prices ranging from $52.00 to $55.00 for Academy Sports and Outdoors.
• Academy Sports and Outdoors reported $0.76 earnings per share for the last quarter, missing expectations, and has provided FY 2025 guidance of EPS between 5.450-6.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $54.00 to $56.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 11.58% from the stock's previous close.

Other analysts also recently issued reports about the company. UBS Group reiterated a "neutral" rating and set a $52.00 target price on shares of Academy Sports and Outdoors in a research report on Sunday. Bank of America dropped their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Wells Fargo & Company increased their price objective on shares of Academy Sports and Outdoors from $55.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Cowen reissued a "hold" rating on shares of Academy Sports and Outdoors in a report on Wednesday. Finally, Truist Financial upped their price target on shares of Academy Sports and Outdoors from $47.00 to $50.00 and gave the stock a "hold" rating in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $58.71.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO traded up $0.69 during mid-day trading on Wednesday, reaching $50.19. 241,485 shares of the company's stock were exchanged, compared to its average volume of 1,649,852. Academy Sports and Outdoors has a one year low of $33.34 and a one year high of $64.61. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. The business's fifty day simple moving average is $51.61 and its two-hundred day simple moving average is $46.35. The firm has a market capitalization of $3.34 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.01 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the transaction, the director directly owned 7,084 shares in the company, valued at approximately $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.62% of the company's stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC increased its holdings in Academy Sports and Outdoors by 7.3% in the 1st quarter. CWM LLC now owns 3,888 shares of the company's stock worth $177,000 after purchasing an additional 266 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Academy Sports and Outdoors by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company's stock worth $678,000 after purchasing an additional 275 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Academy Sports and Outdoors by 4.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company's stock valued at $299,000 after buying an additional 283 shares during the period. Moody National Bank Trust Division increased its stake in shares of Academy Sports and Outdoors by 1.7% in the first quarter. Moody National Bank Trust Division now owns 17,636 shares of the company's stock valued at $804,000 after buying an additional 287 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Academy Sports and Outdoors by 5.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,631 shares of the company's stock valued at $252,000 after buying an additional 288 shares during the last quarter.

About Academy Sports and Outdoors

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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