Evercore ISI Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $53.00

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its price target reduced by equities research analysts at Evercore ISI from $54.00 to $53.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "in-line" rating on the stock. Evercore ISI's price objective indicates a potential upside of 40.96% from the stock's previous close.

Several other brokerages have also commented on ASO. Telsey Advisory Group restated an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, March 17th. TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Robert W. Baird decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Jefferies Financial Group set a $60.00 price objective on Academy Sports and Outdoors in a research report on Thursday, March 20th. Finally, UBS Group decreased their price target on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Eight equities research 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 stock has a consensus rating of "Moderate Buy" and an average target price of $59.69.

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Academy Sports and Outdoors Trading Down 4.1 %

ASO traded down $1.60 during midday trading on Tuesday, reaching $37.60. 4,163,791 shares of the company's stock traded hands, compared to its average volume of 1,586,670. Academy Sports and Outdoors has a 52 week low of $35.64 and a 52 week high of $64.62. 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 firm has a fifty day moving average of $49.49 and a two-hundred day moving average of $52.51. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 1.02 and a beta of 1.26.

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

Hedge Funds Weigh In On Academy Sports and Outdoors

Hedge funds have recently bought and sold shares of the business. William Blair Investment Management LLC bought a new stake in shares of Academy Sports and Outdoors in the fourth quarter worth approximately $52,402,000. Norges Bank purchased a new stake in Academy Sports and Outdoors in the fourth quarter worth approximately $47,436,000. Stephens Investment Management Group LLC grew its position in Academy Sports and Outdoors by 331.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock worth $55,210,000 after purchasing an additional 737,212 shares during the period. Hood River Capital Management LLC bought a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at $42,320,000. Finally, American Century Companies Inc. lifted its holdings in shares of Academy Sports and Outdoors by 77.2% during the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock valued at $72,068,000 after buying an additional 545,778 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.