Academy Sports and Outdoors (NASDAQ:ASO - Get Rating) had its price objective raised by equities researchers at UBS Group from $55.00 to $60.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price objective suggests a potential upside of 20.92% from the stock's previous close.
Several other equities research analysts have also recently issued reports on ASO. Wedbush lifted their price objective on shares of Academy Sports and Outdoors from $50.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday. Truist Financial initiated coverage on shares of Academy Sports and Outdoors in a report on Wednesday, May 11th. They set a "buy" rating and a $53.00 price objective for the company. Morgan Stanley lifted their target price on Academy Sports and Outdoors from $50.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday. Stephens increased their price target on Academy Sports and Outdoors from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, June 8th. Finally, Oppenheimer lifted their price objective on Academy Sports and Outdoors from $50.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Academy Sports and Outdoors has an average rating of "Moderate Buy" and an average target price of $56.64.
Academy Sports and Outdoors Stock Performance
Shares of ASO traded up $1.81 on Thursday, reaching $49.62. The company's stock had a trading volume of 29,958 shares, compared to its average volume of 1,327,692. The stock's 50 day simple moving average is $42.46 and its two-hundred day simple moving average is $38.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.44. The stock has a market capitalization of $4.22 billion, a P/E ratio of 7.08, a PEG ratio of 0.65 and a beta of 1.37. Academy Sports and Outdoors has a 12-month low of $25.10 and a 12-month high of $51.08.
Academy Sports and Outdoors (NASDAQ:ASO - Get Rating) last released its quarterly earnings results on Wednesday, September 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.23. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.70 billion. Academy Sports and Outdoors had a return on equity of 47.24% and a net margin of 9.66%. Academy Sports and Outdoors's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.34 earnings per share. Research analysts forecast that Academy Sports and Outdoors will post 6.98 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Academy Sports and Outdoors
A number of hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund purchased a new position in Academy Sports and Outdoors during the first quarter valued at approximately $2,448,000. Stratos Wealth Partners LTD. increased its holdings in Academy Sports and Outdoors by 27.1% during the first quarter. Stratos Wealth Partners LTD. now owns 10,632 shares of the company's stock valued at $419,000 after buying an additional 2,269 shares during the period. Alliancebernstein L.P. increased its holdings in Academy Sports and Outdoors by 24.9% during the fourth quarter. Alliancebernstein L.P. now owns 1,092,200 shares of the company's stock valued at $47,948,000 after buying an additional 217,857 shares during the period. Prospera Financial Services Inc purchased a new position in Academy Sports and Outdoors during the first quarter valued at approximately $26,000. Finally, Peregrine Capital Management LLC purchased a new position in Academy Sports and Outdoors during the first quarter valued at approximately $10,922,000. 98.01% of the stock is currently owned by institutional investors.
About Academy Sports and Outdoors
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.
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