Loop Capital Has Lowered Expectations for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its price target dropped by analysts at Loop Capital from $77.00 to $60.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Loop Capital's target price indicates a potential upside of 64.07% from the company's previous close.

ASO has been the subject of a number of other research reports. Telsey Advisory Group restated an "outperform" rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Jefferies Financial Group set a $60.00 price objective on Academy Sports and Outdoors in a report on Thursday, March 20th. B. Riley cut their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a report on Friday, March 21st. TD Cowen upped their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird decreased 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 report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.63.

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Academy Sports and Outdoors Trading Down 3.0 %

ASO stock traded down $1.15 during midday trading on Tuesday, hitting $36.57. The stock had a trading volume of 1,923,181 shares, compared to its average volume of 1,615,168. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $47.18 and a two-hundred day moving average price of $51.34. Academy Sports and Outdoors has a 1-year low of $33.34 and a 1-year high of $64.62. The firm has a market cap of $2.45 billion, a P/E ratio of 6.00, a price-to-earnings-growth ratio of 1.02 and a beta of 1.26.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings data 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. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.21 EPS. On average, sell-side analysts predict 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 and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in Academy Sports and Outdoors by 10,181.5% during the first quarter. GAMMA Investing LLC now owns 127,799 shares of the company's stock worth $5,829,000 after buying an additional 126,556 shares during the period. Moody National Bank Trust Division increased its holdings in Academy Sports and Outdoors by 1.7% during the 1st quarter. Moody National Bank Trust Division now owns 17,636 shares of the company's stock worth $804,000 after purchasing an additional 287 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth $5,520,000. Mackenzie Financial Corp lifted its holdings in Academy Sports and Outdoors by 395.5% during the 4th quarter. Mackenzie Financial Corp now owns 23,153 shares of the company's stock worth $1,332,000 after buying an additional 18,480 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Academy Sports and Outdoors during the fourth quarter worth approximately $3,581,000.

About Academy Sports and Outdoors

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.