Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $60.00 at Robert W. Baird

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its price target decreased by investment analysts at Robert W. Baird from $65.00 to $60.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price target indicates a potential upside of 22.25% from the company's current price.

A number of other equities research analysts also recently commented on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Wedbush reissued an "outperform" rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. UBS Group decreased their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Citigroup dropped their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Finally, Truist Financial upped their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $60.38.

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Academy Sports and Outdoors Price Performance

ASO stock traded up $1.85 during midday trading on Friday, hitting $49.08. The company's stock had a trading volume of 738,793 shares, compared to its average volume of 1,537,086. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 12 month low of $43.16 and a 12 month high of $68.96. The company has a 50 day moving average of $51.09 and a two-hundred day moving average of $53.15. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 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 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.21 earnings per share. On average, analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Institutional Trading of Academy Sports and Outdoors

Large investors have recently made changes to their positions in the stock. TD Private Client Wealth LLC purchased a new position in Academy Sports and Outdoors in the 3rd quarter worth about $40,000. AlphaQuest LLC grew its stake in Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after acquiring an additional 496 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after acquiring an additional 915 shares during the period. LGT Financial Advisors LLC raised its stake in shares of Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after purchasing an additional 843 shares during the period.

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.