Academy Sports and Outdoors’ (ASO) “Outperform” Rating Reiterated at Telsey Advisory Group

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “outperform” rating reiterated by equities researchers at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $65.00 price target on the stock. Telsey Advisory Group’s price target points to a potential upside of 10.51% from the stock’s current price.

Several other equities research analysts have also recently issued reports on ASO. Morgan Stanley raised their target price on shares of Academy Sports and Outdoors from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. UBS Group upped their price target on shares of Academy Sports and Outdoors from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday. Truist Financial set a $59.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, January 14th. Barclays increased their price target on shares of Academy Sports and Outdoors from $51.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 10th. Finally, Bank of America boosted their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.22.

Academy Sports and Outdoors Stock Down 1.9%

ASO traded down $1.14 during midday trading on Wednesday, reaching $58.82. The company’s stock had a trading volume of 746,013 shares, compared to its average volume of 1,406,142. Academy Sports and Outdoors has a 1 year low of $33.34 and a 1 year high of $62.44. The stock’s 50-day moving average is $57.62 and its 200-day moving average is $52.45. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.04 and a beta of 1.23. The company has a current ratio of 1.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. As a group, research analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Insider Activity at Academy Sports and Outdoors

In related news, Director Brian T. Marley sold 3,500 shares of Academy Sports and Outdoors stock in a transaction on Monday, December 15th. The shares were sold at an average price of $55.01, for a total transaction of $192,535.00. Following the transaction, the director owned 39,107 shares in the company, valued at approximately $2,151,276.07. The trade was a 8.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.62% of the stock is owned by insiders.

Institutional Trading of Academy Sports and Outdoors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC boosted its stake in Academy Sports and Outdoors by 139.8% in the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 281 shares during the period. Nisa Investment Advisors LLC grew its stake in Academy Sports and Outdoors by 32.6% during the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock valued at $51,000 after acquiring an additional 252 shares in the last quarter. Huntington National Bank increased its holdings in shares of Academy Sports and Outdoors by 47.3% in the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock worth $51,000 after purchasing an additional 326 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Academy Sports and Outdoors in the fourth quarter worth about $51,000. Finally, Hantz Financial Services Inc. boosted its stake in Academy Sports and Outdoors by 117.8% during the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock valued at $56,000 after buying an additional 602 shares during the last quarter.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.