Academy Sports and Outdoors (NASDAQ:ASO) Earns “Outperform” Rating from Telsey Advisory Group

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “outperform” rating restated by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $65.00 price objective on the stock. Telsey Advisory Group’s price target suggests a potential upside of 18.18% from the stock’s current price.

A number of other research firms also recently commented on ASO. JPMorgan Chase & Co. upped their price objective on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Citigroup downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $50.00 in a report on Wednesday, September 3rd. Cowen reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Truist Financial increased their price target on shares of Academy Sports and Outdoors from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Finally, Guggenheim reissued a “buy” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, September 8th. Nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.42.

Academy Sports and Outdoors Trading Up 3.6%

Shares of Academy Sports and Outdoors stock opened at $55.00 on Tuesday. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $61.25. The business’s fifty day moving average is $48.67 and its two-hundred day moving average is $48.87. The company has a quick ratio of 0.33, a current ratio of 1.71 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.66 billion, a PE ratio of 10.05, a P/E/G ratio of 1.07 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. Analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently made changes to their positions in ASO. Trust Investment Advisors lifted its holdings in shares of Academy Sports and Outdoors by 5.0% during the 3rd quarter. Trust Investment Advisors now owns 15,232 shares of the company’s stock valued at $762,000 after acquiring an additional 728 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Academy Sports and Outdoors in the third quarter worth about $354,000. Advisory Services Network LLC bought a new position in shares of Academy Sports and Outdoors in the third quarter valued at approximately $61,000. Armistice Capital LLC bought a new position in Academy Sports and Outdoors during the 3rd quarter valued at $546,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Academy Sports and Outdoors in the 3rd quarter worth approximately $572,000.

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.