Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Consensus Rating of “Hold” by Brokerages

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $61.57.

A number of research firms have issued reports on ASO. 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. Wedbush reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Wells Fargo & Company boosted their target price on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $65.00 to $60.00 in a research note on Thursday, October 3rd. Finally, TD Cowen boosted their target price on shares of 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.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 directly owns 8,906 shares in the company, valued at $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its stake in shares of Academy Sports and Outdoors by 4.6% in the third quarter. CWM LLC now owns 4,480 shares of the company’s stock worth $261,000 after buying an additional 196 shares during the last quarter. Simmons Bank lifted its stake in shares of Academy Sports and Outdoors by 1.9% in the third quarter. Simmons Bank now owns 10,860 shares of the company’s stock worth $634,000 after buying an additional 200 shares during the last quarter. Daymark Wealth Partners LLC lifted its stake in shares of Academy Sports and Outdoors by 1.3% in the third quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company’s stock worth $899,000 after buying an additional 203 shares during the last quarter. Trust Investment Advisors lifted its stake in shares of Academy Sports and Outdoors by 1.8% in the second quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock worth $800,000 after buying an additional 266 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its stake in shares of Academy Sports and Outdoors by 3.6% in the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock worth $409,000 after buying an additional 269 shares during the last quarter.

Academy Sports and Outdoors Price Performance

ASO opened at $49.45 on Thursday. The company has a 50-day moving average of $52.13 and a 200-day moving average of $53.54. The company has a market capitalization of $3.48 billion, a P/E ratio of 7.63, a PEG ratio of 0.97 and a beta of 1.31. Academy Sports and Outdoors has a 1-year low of $44.73 and a 1-year high of $75.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results 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. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the firm earned $2.01 EPS. The company’s revenue was down 2.2% on a year-over-year basis. Equities analysts expect that Academy Sports and Outdoors will post 6.01 EPS for the current fiscal year.

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.