B. Riley Has Lowered Expectations for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective decreased by equities research analysts at B. Riley from $70.00 to $65.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s target price indicates a potential upside of 37.62% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Citigroup lowered their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. UBS Group dropped their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Morgan Stanley lowered 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 research report on Friday. Finally, Truist Financial lifted their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.38.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $47.23 on Friday. The company has a market capitalization of $3.28 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The firm has a fifty day simple moving average of $51.09 and a 200-day simple moving average of $53.15. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data 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 net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the business earned $2.21 EPS. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Institutional Trading of Academy Sports and Outdoors

A number of large investors have recently bought and sold shares of the business. FMR LLC increased its stake in Academy Sports and Outdoors by 15.3% during the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after purchasing an additional 1,422,971 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Academy Sports and Outdoors by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company’s stock worth $212,807,000 after purchasing an additional 404,863 shares in the last quarter. Pacer Advisors Inc. increased its stake in Academy Sports and Outdoors by 8.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock worth $152,413,000 after purchasing an additional 197,384 shares in the last quarter. Geode Capital Management LLC increased its stake in Academy Sports and Outdoors by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after purchasing an additional 50,715 shares in the last quarter. Finally, LSV Asset Management increased its stake in Academy Sports and Outdoors by 14.2% during the 4th quarter. LSV Asset Management now owns 1,940,041 shares of the company’s stock worth $111,611,000 after purchasing an additional 241,100 shares in 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.