Telsey Advisory Group Reiterates "Outperform" Rating for Academy Sports and Outdoors (NASDAQ:ASO)

Key Points

• Telsey Advisory Group has reiterated an "outperform" rating for Academy Sports and Outdoors (NASDAQ:ASO) with a price target of $65.00, suggesting a potential upside of 20.95% from the previous close.
• The company's Q2 earnings report revealed that it missed the consensus estimate with earnings per share (EPS) of $0.76, falling short of expectations and reflecting a year-over-year revenue decline of 0.9%.
• Academy Sports has a current average rating of "Moderate Buy" from analysts, with nine analysts recommending Buy, while average target prices range around $58.35.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $65.00 target price on the stock. Telsey Advisory Group's price target would indicate a potential upside of 20.95% from the company's previous close.

A number of other equities research analysts have also recently weighed in on the company. Evercore ISI lifted their price target on Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an "in-line" rating in a report on Tuesday. UBS Group cut their price target on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, June 4th. Loop Capital set a $65.00 target price on Academy Sports and Outdoors in a report on Monday, July 21st. Citigroup dropped their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, June 4th. Finally, Monness Crespi & Hardt assumed coverage on Academy Sports and Outdoors in a report on Monday, August 4th. They set a "buy" rating and a $65.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and an average target price of $58.35.

Academy Sports and Outdoors Stock Down 0.2%

Shares of NASDAQ ASO opened at $53.74 on Wednesday. Academy Sports and Outdoors has a 52-week low of $33.34 and a 52-week high of $64.61. The firm has a fifty day moving average of $50.69 and a 200-day moving average of $46.35. The stock has a market capitalization of $3.57 billion, a PE ratio of 9.88, a P/E/G ratio of 1.02 and a beta of 1.30. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25.

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 (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The firm's quarterly revenue was down .9% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. On average, analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Insider Activity

In related news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the sale, the director owned 7,084 shares of the company's stock, valued at approximately $315,096.32. The trade was a 38.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.62% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Huntington National Bank grew its stake in Academy Sports and Outdoors by 214.6% during the second quarter. Huntington National Bank now owns 689 shares of the company's stock worth $31,000 after buying an additional 470 shares during the last quarter. Your Advocates Ltd. LLP lifted its holdings in Academy Sports and Outdoors by 101.5% in the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after buying an additional 411 shares during the period. TD Private Client Wealth LLC lifted its holdings in Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock valued at $53,000 after buying an additional 362 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company's stock valued at $62,000 after buying an additional 657 shares during the period. Finally, LGT Financial Advisors LLC lifted its holdings in Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after buying an additional 1,000 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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