TD Cowen Issues Positive Forecast for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its price target lifted by investment analysts at TD Cowen from $54.00 to $61.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 3.83% from the stock’s current price.

ASO has been the subject of a number of other reports. Citigroup initiated coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price target for the company. Wells Fargo & Company raised their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Truist Financial boosted their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, Wedbush reissued 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. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.67.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock traded up $1.18 during mid-day trading on Wednesday, reaching $58.75. 1,018,091 shares of the company were exchanged, compared to its average volume of 1,436,139. The firm’s 50-day simple moving average is $52.47 and its two-hundred day simple moving average is $53.75. Academy Sports and Outdoors has a twelve month low of $44.73 and a twelve month high of $75.73. The firm has a market cap of $4.08 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25. 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 announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. Equities analysts predict that Academy Sports and Outdoors will post 5.92 earnings per share for the current fiscal year.

Institutional Trading of Academy Sports and Outdoors

Hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. bought a new position in Academy Sports and Outdoors during the third quarter valued at about $28,000. V Square Quantitative Management LLC bought a new position in shares of Academy Sports and Outdoors in the third quarter valued at $40,000. TD Private Client Wealth LLC bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth $40,000. Farther Finance Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 98.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after acquiring an additional 366 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors during the third quarter worth $58,000.

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.