Academy Sports and Outdoors (NASDAQ:ASO) Earns Hold (C+) Rating from Weiss Ratings

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “hold (c+)” rating reiterated by equities researchers at Weiss Ratings in a report released on Thursday,Weiss Ratings reports.

Other equities research analysts also recently issued research reports about the company. Barclays assumed coverage on Academy Sports and Outdoors in a report on Tuesday, September 30th. They set an “equal weight” rating and a $51.00 price target for the company. Citigroup lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Wells Fargo & Company reiterated a “positive” rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. Loop Capital set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Monday, July 21st. Finally, UBS Group reissued a “neutral” rating and set a $52.00 price target on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $58.37.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $47.89 on Thursday. Academy Sports and Outdoors has a one year low of $33.34 and a one year high of $61.25. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 0.94 and a beta of 1.28. The business has a 50-day simple moving average of $50.38 and a 200 day simple moving average of $47.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, September 2nd. The company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.32). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.03 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. On average, research analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several institutional investors have recently made changes to their positions in ASO. GAMMA Investing LLC lifted its position in shares of Academy Sports and Outdoors by 125.4% during the first quarter. GAMMA Investing LLC now owns 2,802 shares of the company’s stock worth $128,000 after acquiring an additional 1,559 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Academy Sports and Outdoors by 2.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,905 shares of the company’s stock worth $1,410,000 after buying an additional 691 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position 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 buying an additional 283 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Academy Sports and Outdoors by 1.3% in the first quarter. Principal Financial Group Inc. now owns 345,718 shares of the company’s stock worth $15,768,000 after buying an additional 4,279 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its position in shares of Academy Sports and Outdoors by 23.6% in the first quarter. Aviance Capital Partners LLC now owns 116,491 shares of the company’s stock worth $5,313,000 after buying an additional 22,234 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.