Truist Financial Issues Positive Forecast for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its target price hoisted by equities researchers at Truist Financial from $45.00 to $47.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price objective points to a potential upside of 2.40% from the stock's current price.

A number of other research analysts also recently commented on ASO. Bank of America dropped their price objective 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. Oppenheimer dropped their price target on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Wedbush decreased their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. JPMorgan Chase & Co. upped their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Citigroup cut their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, June 4th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.31.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO traded up $0.68 during trading on Wednesday, reaching $45.90. The company had a trading volume of 1,516,554 shares, compared to its average volume of 1,655,769. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $33.34 and a twelve month high of $64.62. The stock has a 50-day moving average price of $40.25 and a two-hundred day moving average price of $47.83. The stock has a market capitalization of $3.05 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. As a group, sell-side analysts predict that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC purchased a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at $52,402,000. Norges Bank acquired a new position in Academy Sports and Outdoors in the 4th quarter worth $47,436,000. Hood River Capital Management LLC acquired a new position in Academy Sports and Outdoors in the 4th quarter worth $42,320,000. American Century Companies Inc. boosted its position in Academy Sports and Outdoors by 77.2% in the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock valued at $72,068,000 after buying an additional 545,778 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in shares of Academy Sports and Outdoors by 36.1% during the first 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 in the last quarter.

Academy Sports and Outdoors Company Profile

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.