Telsey Advisory Group Reaffirms Outperform Rating for Academy Sports and Outdoors (NASDAQ:ASO)

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “outperform” rating reiterated by Telsey Advisory Group in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a $58.00 target price on the stock, down from their previous target price of $60.00. Telsey Advisory Group’s price target points to a potential upside of 24.33% from the stock’s previous close.

Several other research firms also recently commented on ASO. Jefferies Financial Group set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, March 20th. Wells Fargo & Company boosted their price target on Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. Oppenheimer decreased their target price on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Morgan Stanley reduced their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Finally, Evercore ISI lowered their price objective on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.50.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $46.65 on Tuesday. The firm’s 50 day simple moving average is $40.10 and its 200 day simple moving average is $47.85. The firm has a market capitalization of $3.10 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28. Academy Sports and Outdoors has a 1-year low of $33.34 and a 1-year high of $64.61. 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 (NASDAQ:ASO) last posted its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, analysts expect that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Fund 1 Investments LLC acquired a new position in Academy Sports and Outdoors during the 4th quarter worth about $4,929,000. Bank of New York Mellon Corp grew its holdings in Academy Sports and Outdoors by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock worth $40,974,000 after acquiring an additional 90,592 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Academy Sports and Outdoors during the fourth quarter worth $1,969,000. Wells Fargo & Company MN lifted its position in shares of Academy Sports and Outdoors by 11.4% in the fourth quarter. Wells Fargo & Company MN now owns 216,686 shares of the company’s stock valued at $12,466,000 after acquiring an additional 22,146 shares in the last quarter. Finally, Pacifica Capital Investments LLC lifted its position in Academy Sports and Outdoors by 7.9% during the fourth quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company’s stock worth $23,041,000 after buying an additional 29,410 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.