Academy Sports and Outdoors (NASDAQ:ASO) Price Target Cut to $65.00 by Analysts at B. Riley

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its target price dropped by research analysts at B. Riley from $70.00 to $65.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley's price target points to a potential upside of 32.44% from the stock's previous close.

A number of other research analysts also recently weighed in on the company. UBS Group cut their price target on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Truist Financial raised their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Telsey Advisory Group reaffirmed 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. Robert W. Baird cut their price target 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 Friday. Finally, Wedbush restated an "outperform" rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.38.

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Academy Sports and Outdoors Trading Up 3.9 %

Shares of NASDAQ ASO traded up $1.85 during midday trading on Friday, hitting $49.08. The stock had a trading volume of 738,793 shares, compared to its average volume of 1,537,098. The firm has a market cap of $3.41 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors has a fifty-two week low of $43.16 and a fifty-two week high of $68.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The company's 50-day simple moving average is $51.09 and its 200 day simple moving average is $53.15.

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

Institutional Investors Weigh In On Academy Sports and Outdoors

Several institutional investors have recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new stake in shares of Academy Sports and Outdoors in the third quarter valued at approximately $40,000. AlphaQuest LLC grew its position in Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Academy Sports and Outdoors by 1,307.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock valued at $57,000 after buying an additional 915 shares during the last quarter. LGT Financial Advisors LLC lifted its position in Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock worth $63,000 after buying an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock worth $69,000 after buying an additional 843 shares during the last quarter.

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.