Citigroup Initiates Coverage on Academy Sports and Outdoors (NASDAQ:ASO)

Analysts at Citigroup began coverage on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research note issued on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $65.00 price target on the stock. Citigroup’s price target would indicate a potential upside of 16.93% from the company’s current price.

ASO has been the topic of several other research reports. Wedbush reissued an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Loop Capital reissued a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Jefferies Financial Group decreased their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. TD Cowen upped their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday, September 11th. Finally, Robert W. Baird decreased their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $61.33.

Academy Sports and Outdoors Trading Down 0.6 %

ASO stock opened at $55.59 on Wednesday. The firm has a fifty day moving average price of $51.51 and a 200 day moving average price of $53.44. Academy Sports and Outdoors has a fifty-two week low of $44.73 and a fifty-two week high of $75.73. The firm has a market cap of $3.86 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.57.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the business earned $1.38 earnings per share. The business’s quarterly revenue was down 3.9% on a year-over-year basis. Sell-side analysts anticipate that Academy Sports and Outdoors will post 5.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. raised its position in shares of Academy Sports and Outdoors by 0.6% in the 3rd quarter. Franklin Resources Inc. now owns 95,822 shares of the company’s stock worth $5,139,000 after acquiring an additional 576 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in Academy Sports and Outdoors by 94.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,300 shares of the company’s stock valued at $484,000 after purchasing an additional 4,038 shares during the last quarter. Virtu Financial LLC bought a new position in Academy Sports and Outdoors in the third quarter worth about $306,000. TD Private Client Wealth LLC purchased a new stake in shares of Academy Sports and Outdoors during the third quarter valued at about $40,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Academy Sports and Outdoors by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock valued at $118,092,000 after buying an additional 50,715 shares in the last quarter.

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.