Telsey Advisory Group Forecasts Strong Price Appreciation for Academy Sports and Outdoors (NASDAQ:ASO) Stock

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its price target upped by research analysts at Telsey Advisory Group from $58.00 to $65.00 in a report issued on Thursday, Marketbeat reports. The firm presently has an "outperform" rating on the stock. Telsey Advisory Group's price target suggests a potential upside of 15.67% from the stock's previous close.

ASO has been the subject of a number of other research reports. Bank of America cut their price target on shares of 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. Morgan Stanley cut their target price 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 raised their price target on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a "hold" rating in a research note on Wednesday, June 11th. Loop Capital set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Monday. Finally, UBS Group dropped their target price on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 4th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and a consensus target price of $57.06.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO traded down $0.68 during mid-day trading on Thursday, reaching $56.20. 209,523 shares of the company traded hands, compared to its average volume of 1,682,145. The stock has a fifty day simple moving average of $46.17 and a 200-day simple moving average of $46.68. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $64.61. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.52 and a quick ratio of 0.29. The firm has a market cap of $3.74 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.29.

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). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The firm's revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors stock in a transaction that occurred 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 transaction, the director directly owned 7,084 shares of the company's stock, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.62% of the stock is owned by corporate insiders.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in shares of Academy Sports and Outdoors by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,846,410 shares of the company's stock worth $175,438,000 after purchasing an additional 147,395 shares during the last quarter. LSV Asset Management grew its stake in shares of Academy Sports and Outdoors by 12.5% during the 1st quarter. LSV Asset Management now owns 2,182,341 shares of the company's stock valued at $99,537,000 after acquiring an additional 242,300 shares during the period. Westwood Holdings Group Inc. grew its stake in shares of Academy Sports and Outdoors by 36.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company's stock valued at $90,901,000 after acquiring an additional 528,367 shares during the period. American Century Companies Inc. boosted its stake in Academy Sports and Outdoors by 33.7% in the 1st quarter. American Century Companies Inc. now owns 1,675,428 shares of the company's stock worth $76,416,000 after purchasing an additional 422,729 shares during the period. Finally, Royce & Associates LP boosted its stake in Academy Sports and Outdoors by 8.4% in the 1st quarter. Royce & Associates LP now owns 1,273,158 shares of the company's stock worth $58,069,000 after purchasing an additional 98,582 shares during the period.

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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