Academy Sports and Outdoors (NASDAQ:ASO) Now Covered by Analysts at Citigroup

Equities researchers at Citigroup assumed coverage on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $65.00 price target on the stock. Citigroup’s target price would indicate a potential upside of 16.05% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Telsey Advisory Group lowered their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Truist Financial upped their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Jefferies Financial Group decreased their target price on 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. Finally, Morgan Stanley restated an “equal weight” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.33.

Academy Sports and Outdoors Stock Performance

ASO stock opened at $56.01 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. Academy Sports and Outdoors has a 1 year low of $44.73 and a 1 year high of $75.73. The company has a market cap of $3.89 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31. The stock’s fifty day moving average price is $51.43 and its 200-day moving average price is $53.41.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the business posted $1.38 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities analysts forecast that Academy Sports and Outdoors will post 5.92 earnings per share for the current year.

Institutional Trading of Academy Sports and Outdoors

Several large investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. acquired a new stake in Academy Sports and Outdoors during the third quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $40,000. TD Private Client Wealth LLC purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $40,000. Farther Finance Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 98.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new stake in Academy Sports and Outdoors during the third quarter worth $58,000.

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.