Robert W. Baird Lowers Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $65.00

Academy Sports and Outdoors (NASDAQ:ASO) had its target price lowered by Robert W. Baird from $68.00 to $65.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 23.62% from the stock’s current price.

ASO has been the topic of a number of other research reports. Loop Capital reiterated a “buy” rating and issued a $77.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Telsey Advisory Group lowered their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Truist Financial cut shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and decreased their target price for the stock from $63.00 to $50.00 in a research note on Tuesday, November 19th. TD Cowen upped their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, September 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Hold” and a consensus price target of $61.00.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $52.58 on Wednesday. The firm has a market cap of $3.70 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. The stock’s fifty day moving average price is $51.52 and its two-hundred day moving average price is $53.47. Academy Sports and Outdoors has a one year low of $44.73 and a one year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 earnings per share. As a group, research analysts expect that Academy Sports and Outdoors will post 6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction 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 approximately $552,172. This trade represents a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.19% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new position in shares of Academy Sports and Outdoors in the 3rd quarter worth $28,000. V Square Quantitative Management LLC bought a new position in shares of Academy Sports and Outdoors in the third quarter valued at $40,000. TD Private Client Wealth LLC acquired a new position in shares of Academy Sports and Outdoors during the third quarter valued at about $40,000. Farther Finance Advisors LLC increased its position in shares of Academy Sports and Outdoors by 98.4% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after acquiring an additional 366 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors in the 3rd quarter worth about $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.