Academy Sports and Outdoors (NASDAQ:ASO) Now Covered by Citigroup

Analysts at Citigroup initiated coverage on shares of Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) in a report issued on Wednesday, Marketbeat reports. The brokerage set a "buy" rating and a $65.00 price target on the stock. Citigroup's price objective suggests a potential upside of 16.18% from the stock's current price.

A number of other equities research analysts have also recently issued reports on ASO. Truist Financial raised their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Telsey Advisory Group cut their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. Jefferies Financial Group decreased their target price on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Robert W. Baird dropped their price target on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company boosted their price objective on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 11th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $61.33.

Academy Sports and Outdoors Stock Down 0.1 %

NASDAQ:ASO traded down $0.06 during mid-day trading on Wednesday, reaching $55.95. The stock had a trading volume of 3,083,251 shares, compared to its average volume of 1,482,179. The stock's 50 day simple moving average is $51.46 and its two-hundred day simple moving average is $53.43. Academy Sports and Outdoors has a 1-year low of $44.73 and a 1-year high of $75.73. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. Academy Sports and Outdoors's revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 EPS. Equities analysts anticipate that Academy Sports and Outdoors will post 5.92 EPS for the current year.

Institutional Trading of Academy Sports and Outdoors

A number of large investors have recently added to or reduced their stakes in ASO. Public Sector Pension Investment Board boosted its position in shares of Academy Sports and Outdoors by 6.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 162,406 shares of the company's stock valued at $8,648,000 after purchasing an additional 10,416 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Academy Sports and Outdoors by 2.6% in the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company's stock worth $118,092,000 after buying an additional 50,715 shares during the period. Citigroup Inc. increased its position in shares of Academy Sports and Outdoors by 66.4% in the third quarter. Citigroup Inc. now owns 95,644 shares of the company's stock worth $5,582,000 after acquiring an additional 38,155 shares in the last quarter. FMR LLC raised its holdings in shares of Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company's stock valued at $626,755,000 after acquiring an additional 1,422,971 shares during the period. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Academy Sports and Outdoors by 21.3% during the third quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company's stock valued at $12,983,000 after acquiring an additional 39,134 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.