Academy Sports and Outdoors (NASDAQ:ASO) Stock Rating Lowered by Evercore ISI

Academy Sports and Outdoors (NASDAQ:ASO) was downgraded by stock analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a $60.00 price target on the stock, down from their prior price target of $65.00. Evercore ISI’s price target indicates a potential upside of 5.02% from the company’s previous close.

ASO has been the subject of several other reports. Robert W. Baird lowered their price target on Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Loop Capital reissued a “buy” rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Jefferies Financial Group cut their price target on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus price target of $62.50.

Academy Sports and Outdoors Trading Up 4.0 %

NASDAQ:ASO opened at $57.13 on Thursday. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 1-year low of $42.83 and a 1-year high of $75.73. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.16 and a beta of 1.34. The business’s 50-day moving average price is $55.03 and its two-hundred day moving average price is $56.46.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.07. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. Academy Sports and Outdoors’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.01 EPS. On average, equities analysts expect that Academy Sports and Outdoors will post 6.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now owns 8,906 shares of the company’s stock, valued at approximately $552,172. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the transaction, the director now directly owns 8,906 shares in the company, valued at $552,172. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the completion of the sale, the director now owns 10,106 shares of the company’s stock, valued at $548,250.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. bought a new position in Academy Sports and Outdoors during the second quarter worth $174,054,000. Dimensional Fund Advisors LP lifted its stake in shares of Academy Sports and Outdoors by 19.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after buying an additional 481,640 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Academy Sports and Outdoors by 36.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock worth $137,878,000 after buying an additional 559,414 shares during the period. LSV Asset Management grew its stake in Academy Sports and Outdoors by 4.2% in the 2nd quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after buying an additional 69,700 shares during the last quarter. Finally, King Luther Capital Management Corp raised its holdings in Academy Sports and Outdoors by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock valued at $85,903,000 after acquiring an additional 29,912 shares during the period.

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.