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

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its target price dropped by Robert W. Baird from $65.00 to $60.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price target indicates a potential upside of 19.93% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. Wedbush reissued an "outperform" rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Truist Financial boosted their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Telsey Advisory Group restated an "outperform" rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. UBS Group lowered their price objective on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Finally, Citigroup decreased their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and a consensus target price of $60.38.

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Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock traded up $0.26 during trading hours on Friday, reaching $50.03. 2,066,554 shares of the stock were exchanged, compared to its average volume of 1,539,299. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $68.96. The company has a market cap of $3.47 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The stock has a 50 day moving average of $50.93 and a two-hundred day moving average of $53.09.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business posted $2.21 EPS. The firm's revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. lifted its position in shares of Academy Sports and Outdoors by 3.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company's stock worth $378,000 after purchasing an additional 210 shares during the period. Nichols & Pratt Advisers LLP MA lifted its holdings in Academy Sports and Outdoors by 4.7% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company's stock valued at $322,000 after buying an additional 250 shares during the period. Xponance Inc. boosted its position in Academy Sports and Outdoors by 5.7% during the fourth quarter. Xponance Inc. now owns 4,916 shares of the company's stock valued at $283,000 after acquiring an additional 266 shares during the last quarter. HighTower Advisors LLC grew its holdings in Academy Sports and Outdoors by 6.2% during the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company's stock worth $324,000 after acquiring an additional 323 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Academy Sports and Outdoors by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock valued at $151,000 after purchasing an additional 334 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.