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

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “outperform” rating reiterated by analysts at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They currently have a $65.00 target price on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 17.12% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Bank of America boosted their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Morgan Stanley increased their price objective on Academy Sports and Outdoors from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Truist Financial set a $59.00 target price on Academy Sports and Outdoors in a research note on Wednesday, January 14th. Jefferies Financial Group restated a “buy” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Friday, January 2nd. Finally, UBS Group raised their price target on Academy Sports and Outdoors from $54.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.22.

Academy Sports and Outdoors Trading Down 4.0%

ASO opened at $55.50 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.70 billion, a PE ratio of 10.15, a PEG ratio of 1.01 and a beta of 1.23. Academy Sports and Outdoors has a 1-year low of $33.34 and a 1-year high of $62.44. The firm has a 50-day moving average price of $57.89 and a two-hundred day moving average price of $52.50.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, December 9th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business earned $0.98 earnings per share. Academy Sports and Outdoors’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Brian T. Marley sold 3,500 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $55.01, for a total transaction of $192,535.00. Following the completion of the sale, the director owned 39,107 shares in the company, valued at approximately $2,151,276.07. The trade was a 8.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.62% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors have recently made changes to their positions in the stock. Citigroup Inc. lifted its stake in Academy Sports and Outdoors by 105.8% in the third quarter. Citigroup Inc. now owns 162,571 shares of the company’s stock valued at $8,132,000 after buying an additional 83,572 shares in the last quarter. Boston Partners boosted its holdings in shares of Academy Sports and Outdoors by 22.1% in the second quarter. Boston Partners now owns 701,806 shares of the company’s stock valued at $32,035,000 after buying an additional 126,952 shares during the period. Heartland Advisors Inc. increased its position in shares of Academy Sports and Outdoors by 71.9% during the third quarter. Heartland Advisors Inc. now owns 273,617 shares of the company’s stock worth $13,686,000 after acquiring an additional 114,427 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Academy Sports and Outdoors by 9,627.2% during the third quarter. Fifth Third Bancorp now owns 58,363 shares of the company’s stock worth $2,919,000 after acquiring an additional 57,763 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Academy Sports and Outdoors by 36.4% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 144,374 shares of the company’s stock worth $7,222,000 after acquiring an additional 38,526 shares during the period.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.