JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Academy Sports and Outdoors (NASDAQ:ASO) Stock

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective upped by JPMorgan Chase & Co. from $52.00 to $54.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 14.33% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. 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 report on Wednesday, December 11th. UBS Group reduced their price target on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Oppenheimer reduced their price target on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a report on Friday. Morgan Stanley reduced their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Wedbush reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus price target of $60.38.

Academy Sports and Outdoors Stock Down 0.4 %

Shares of NASDAQ ASO opened at $47.23 on Friday. The stock has a market cap of $3.28 billion, a P/E ratio of 7.76, a P/E/G ratio of 1.02 and a beta of 1.25. The firm has a 50 day moving average price of $51.09 and a 200 day moving average price of $53.15. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors has a 52-week low of $43.16 and a 52-week high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.21 earnings per share. Analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Institutional Trading of Academy Sports and Outdoors

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC bought a new stake in Academy Sports and Outdoors during the third quarter worth $40,000. AlphaQuest LLC increased its holdings in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after purchasing an additional 496 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after purchasing an additional 915 shares during the last quarter. LGT Financial Advisors LLC increased its holdings in shares of Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after purchasing an additional 843 shares during the last quarter.

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.