Academy Sports and Outdoors (NASDAQ:ASO) Given New $65.00 Price Target at B. Riley

Academy Sports and Outdoors (NASDAQ:ASO) had its target price cut by equities researchers at B. Riley from $70.00 to $65.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 37.07% from the stock’s current price.

Other analysts have also issued reports about the stock. Robert W. Baird reduced their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday. Truist Financial raised their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Morgan Stanley cut their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Finally, Citigroup dropped their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors has an average rating of “Hold” and an average price target of $60.00.

Academy Sports and Outdoors Price Performance

NASDAQ ASO opened at $47.42 on Friday. The stock has a market capitalization of $3.29 billion, a P/E ratio of 7.79, a P/E/G ratio of 1.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The business’s fifty day moving average is $51.30 and its two-hundred day moving average is $53.22. Academy Sports and Outdoors has a 1 year low of $43.16 and a 1 year high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the firm earned $2.21 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, research analysts forecast 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 added to or reduced their stakes in the business. TD Private Client Wealth LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth $40,000. AlphaQuest LLC lifted its stake in shares of Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after purchasing an additional 496 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after purchasing an additional 915 shares in the last quarter. LGT Financial Advisors LLC increased its position in Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after buying an additional 1,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Academy Sports and Outdoors by 242.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after buying an additional 843 shares in the last quarter.

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.