Robert W. Baird Has Lowered Expectations for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its price target decreased by equities research analysts at Robert W. Baird from $65.00 to $60.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 26.53% from the company’s previous close.

Other research analysts have also issued reports about the company. Citigroup dropped their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday. Wedbush restated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. TD Cowen upped their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Telsey Advisory Group restated an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday. Finally, Truist Financial boosted their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.47.

Academy Sports and Outdoors Price Performance

ASO stock opened at $47.42 on Friday. The firm has a 50-day moving average of $51.30 and a two-hundred day moving average of $53.22. The firm has a market capitalization of $3.29 billion, a PE ratio of 7.79, a P/E/G ratio of 1.02 and a beta of 1.25. 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 one year low of $43.16 and a one year high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last posted 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 firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the company posted $2.21 EPS. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, analysts forecast that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Victory Capital Management Inc. increased its position in Academy Sports and Outdoors by 15.3% during the third quarter. Victory Capital Management Inc. now owns 51,988 shares of the company’s stock worth $3,034,000 after acquiring an additional 6,894 shares during the period. KBC Group NV increased its holdings in shares of Academy Sports and Outdoors by 24.3% during the 3rd quarter. KBC Group NV now owns 2,084 shares of the company’s stock worth $122,000 after purchasing an additional 408 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Academy Sports and Outdoors during the third quarter valued at about $255,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Academy Sports and Outdoors in the third quarter valued at about $1,538,000. Finally, Intech Investment Management LLC acquired a new stake in Academy Sports and Outdoors during the third quarter worth about $1,167,000.

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.