Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $55.00 at Morgan Stanley

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective cut by stock analysts at Morgan Stanley from $60.00 to $55.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 15.98% from the company’s previous close.

A number of other equities analysts have also commented on ASO. Citigroup reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday. Robert W. Baird dropped 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 research note on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Monday. UBS Group lowered their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Truist Financial upped their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.47.

Academy Sports and Outdoors Trading Down 0.3 %

Academy Sports and Outdoors stock opened at $47.42 on Friday. The company has a 50 day moving average price of $51.30 and a 200 day moving average price of $53.22. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors has a 52 week low of $43.16 and a 52 week high of $68.96. 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 (NASDAQ:ASO) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.21 EPS. Research analysts forecast that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several large investors have recently modified their holdings of the stock. FMR LLC raised its position in shares of Academy Sports and Outdoors by 15.3% in the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after purchasing an additional 1,422,971 shares during the period. Dimensional Fund Advisors LP increased its position in Academy Sports and Outdoors by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company’s stock worth $212,807,000 after acquiring an additional 404,863 shares during the period. Pacer Advisors Inc. increased its position in Academy Sports and Outdoors by 8.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock worth $152,413,000 after acquiring an additional 197,384 shares during the period. Geode Capital Management LLC increased its position in Academy Sports and Outdoors by 2.6% during the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after acquiring an additional 50,715 shares during the period. Finally, LSV Asset Management increased its position in Academy Sports and Outdoors by 14.2% during the fourth quarter. LSV Asset Management now owns 1,940,041 shares of the company’s stock worth $111,611,000 after acquiring an additional 241,100 shares during the period.

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.