Academy Sports and Outdoors (NASDAQ:ASO) Coverage Initiated at Citigroup

Research analysts at Citigroup started coverage on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research note issued to investors on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $65.00 price target on the stock. Citigroup’s price target indicates a potential upside of 16.93% from the stock’s current price.

Several other equities research analysts also recently commented on ASO. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. Jefferies Financial Group reduced their target price on 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. Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. TD Cowen raised their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, September 11th. Finally, Telsey Advisory Group decreased their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $61.33.

Academy Sports and Outdoors Trading Down 0.6 %

Shares of NASDAQ:ASO opened at $55.59 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. The firm has a market capitalization of $3.86 billion, a P/E ratio of 9.13, a P/E/G ratio of 1.06 and a beta of 1.31. The business’s 50-day moving average is $51.51 and its 200 day moving average is $53.44. Academy Sports and Outdoors has a 1 year low of $44.73 and a 1 year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. On average, research analysts predict that Academy Sports and Outdoors will post 5.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Academy Sports and Outdoors during the third quarter worth $40,000. TD Private Client Wealth LLC acquired a new position in Academy Sports and Outdoors during the third quarter worth $40,000. Farther Finance Advisors LLC lifted its holdings in Academy Sports and Outdoors by 98.4% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors in the third quarter valued at about $58,000.

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.