Academy Sports and Outdoors (NASDAQ:ASO) Given New $65.00 Price Target at Telsey Advisory Group

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its target price upped by Telsey Advisory Group from $58.00 to $65.00 in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has an "outperform" rating on the stock. Telsey Advisory Group's target price indicates a potential upside of 16.28% from the stock's current price.

Several other equities analysts have also recently weighed in on ASO. Citigroup dropped their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Truist Financial lifted their price objective on Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a "hold" rating in a report on Wednesday, June 11th. Morgan Stanley dropped their price objective on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, June 11th. Finally, Bank of America decreased their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Academy Sports and Outdoors has a consensus rating of "Moderate Buy" and a consensus target price of $57.06.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO traded up $0.42 during mid-day trading on Thursday, hitting $55.90. 1,367,552 shares of the stock were exchanged, compared to its average volume of 1,681,717. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. The firm's 50-day simple moving average is $46.57 and its 200 day simple moving average is $46.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $64.61.

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). The company 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%. Academy Sports and Outdoors's revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share. As a group, equities analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Insider Activity at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the sale, the director directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.62% of the stock is currently owned by company insiders.

Institutional Trading of Academy Sports and Outdoors

A number of large investors have recently bought and sold shares of the company. Xponance Inc. increased its position in Academy Sports and Outdoors by 5.7% in the fourth quarter. Xponance Inc. now owns 4,916 shares of the company's stock worth $283,000 after buying an additional 266 shares during the last quarter. CWM LLC increased its position in Academy Sports and Outdoors by 7.3% in the first quarter. CWM LLC now owns 3,888 shares of the company's stock worth $177,000 after buying an additional 266 shares during the last quarter. SummerHaven Investment Management LLC increased its position in Academy Sports and Outdoors by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company's stock worth $678,000 after buying an additional 275 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings 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 worth $299,000 after acquiring an additional 283 shares during the period. Finally, Moody National Bank Trust Division grew its position 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 purchasing an additional 287 shares in 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.