Academy Sports and Outdoors (NASDAQ:ASO) Given New $54.00 Price Target at JPMorgan Chase & Co.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its target price boosted by analysts at JPMorgan Chase & Co. from $52.00 to $54.00 in a report released on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 7.94% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Truist Financial lifted their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Robert W. Baird cut their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday. TD Cowen upped their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. UBS Group cut their price objective on shares of 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. Finally, B. Riley lowered their price target on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.38.

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Academy Sports and Outdoors Stock Up 0.5 %

Shares of NASDAQ ASO traded up $0.26 on Friday, hitting $50.03. The company had a trading volume of 2,066,554 shares, compared to its average volume of 1,539,299. The firm has a market capitalization of $3.47 billion, a P/E ratio of 8.22, a PEG ratio of 1.02 and a beta of 1.25. 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 business 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 announced its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm earned $2.21 earnings per share. The business's quarterly revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors have recently modified their holdings of ASO. TD Private Client Wealth LLC acquired a new position in shares of Academy Sports and Outdoors in the third quarter worth $40,000. AlphaQuest LLC grew its stake 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 position 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 worth $57,000 after purchasing an additional 915 shares during the last quarter. LGT Financial Advisors LLC increased its position in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock worth $63,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised 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 purchasing an additional 843 shares in 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.