Academy Sports and Outdoors (NASDAQ:ASO) Given Outperform Rating at Wedbush

Wedbush reiterated their outperform rating on shares of Academy Sports and Outdoors (NASDAQ:ASOFree Report) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $80.00 price target on the stock.

Several other equities research analysts also recently issued reports on ASO. JPMorgan Chase & Co. boosted their price objective on Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an overweight rating in a report on Wednesday, March 20th. Jefferies Financial Group initiated coverage on Academy Sports and Outdoors in a report on Friday, April 12th. They issued a buy rating and a $85.00 price objective on the stock. TD Cowen cut their price target on Academy Sports and Outdoors from $86.00 to $82.00 and set an outperform rating on the stock in a report on Friday, March 22nd. Telsey Advisory Group cut their price target on Academy Sports and Outdoors from $83.00 to $75.00 and set an outperform rating on the stock in a report on Thursday, March 21st. Finally, Truist Financial restated a buy rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, March 19th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $73.88.

Get Our Latest Report on ASO

Academy Sports and Outdoors Price Performance

NASDAQ:ASO opened at $56.05 on Wednesday. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.14 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.88 and a beta of 1.37. The stock’s fifty day moving average is $58.27 and its two-hundred day moving average is $61.96.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last posted its quarterly earnings data on Thursday, March 21st. The company reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($0.05). The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Academy Sports and Outdoors had a net margin of 8.43% and a return on equity of 28.99%. Equities analysts expect that Academy Sports and Outdoors will post 6.65 EPS for the current year.

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the sale, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.19% of the company’s stock.

Institutional Trading of Academy Sports and Outdoors

A number of large investors have recently made changes to their positions in ASO. Dimensional Fund Advisors LP lifted its position in Academy Sports and Outdoors by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,655,894 shares of the company’s stock worth $175,290,000 after acquiring an additional 80,218 shares during the period. Point72 Asset Management L.P. lifted its position in Academy Sports and Outdoors by 36.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock worth $137,878,000 after acquiring an additional 559,414 shares during the period. LSV Asset Management lifted its position in Academy Sports and Outdoors by 28.4% during the 4th quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock worth $109,068,000 after acquiring an additional 365,855 shares during the period. King Luther Capital Management Corp lifted its position in Academy Sports and Outdoors by 0.7% during the 4th quarter. King Luther Capital Management Corp now owns 1,552,823 shares of the company’s stock worth $102,486,000 after acquiring an additional 10,900 shares during the period. Finally, Westwood Holdings Group Inc. lifted its position in Academy Sports and Outdoors by 0.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,241,093 shares of the company’s stock worth $83,823,000 after acquiring an additional 10,545 shares during the period.

Academy Sports and Outdoors Company Profile

(Get Free Report)

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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Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

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