Academy Sports and Outdoors (NASDAQ:ASO) Price Target Cut to $55.00 by Analysts at Bank of America

Academy Sports and Outdoors (NASDAQ:ASO) had its price target cut by equities research analysts at Bank of America from $60.00 to $55.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s price target suggests a potential upside of 19.83% from the stock’s previous close.

Other analysts have also issued reports about the company. Truist Financial set a $45.00 price target on Academy Sports and Outdoors in a report on Wednesday, May 7th. Citigroup dropped their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, June 4th. Evercore ISI cut their target price on Academy Sports and Outdoors from $54.00 to $53.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. B. Riley reduced their price target on Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $58.00 price objective (down from $60.00) on shares of Academy Sports and Outdoors in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.31.

Academy Sports and Outdoors Stock Up 1.5%

Academy Sports and Outdoors stock opened at $45.90 on Wednesday. The company has a 50 day moving average of $40.44 and a 200-day moving average of $47.80. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $33.34 and a twelve month high of $64.62. The stock has a market capitalization of $3.05 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. On average, equities research analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. lifted its stake in Academy Sports and Outdoors by 3.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company’s stock valued at $378,000 after purchasing an additional 210 shares during the last quarter. Nichols & Pratt Advisers LLP MA raised its stake in Academy Sports and Outdoors by 4.7% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company’s stock valued at $322,000 after buying an additional 250 shares during the period. Xponance Inc. lifted its position in shares of Academy Sports and Outdoors by 5.7% in the fourth quarter. Xponance Inc. now owns 4,916 shares of the company’s stock valued at $283,000 after buying an additional 266 shares during the last quarter. CWM LLC boosted its stake in shares of Academy Sports and Outdoors by 7.3% during the 1st quarter. CWM LLC now owns 3,888 shares of the company’s stock worth $177,000 after acquiring an additional 266 shares during the period. Finally, SummerHaven Investment Management LLC increased its holdings in shares of Academy Sports and Outdoors by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company’s stock worth $678,000 after acquiring an additional 275 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.