Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $70.00 at Oppenheimer

Academy Sports and Outdoors (NASDAQ:ASO) had its target price dropped by stock analysts at Oppenheimer from $85.00 to $70.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 47.00% from the stock’s previous close.

ASO has been the subject of a number of other reports. Wedbush reiterated 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. Morgan Stanley dropped their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday. Citigroup lowered their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday. B. Riley cut their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.31.

Academy Sports and Outdoors Stock Up 0.4 %

NASDAQ ASO traded up $0.20 on Friday, hitting $47.62. The stock had a trading volume of 583,882 shares, compared to its average volume of 1,593,810. Academy Sports and Outdoors has a 52-week low of $43.16 and a 52-week high of $68.96. The business’s fifty day moving average price is $51.30 and its 200 day moving average price is $53.22. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the business earned $2.21 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently bought and sold shares of the business. TD Private Client Wealth LLC acquired a new stake in Academy Sports and Outdoors in the 3rd quarter valued at $40,000. AlphaQuest LLC increased its stake in shares of Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after purchasing an additional 915 shares during the last quarter. LGT Financial Advisors LLC lifted its stake in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after buying an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Academy Sports and Outdoors by 242.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after buying an additional 843 shares during 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.