Guggenheim Reaffirms Buy Rating for Academy Sports and Outdoors (NASDAQ:ASO)

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “buy” rating restated by equities researchers at Guggenheim in a research report issued on Monday,Benzinga reports. They presently have a $60.00 price objective on the stock. Guggenheim’s price objective suggests a potential upside of 18.60% from the stock’s current price.

Several other analysts have also recently commented on ASO. Cowen restated a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday. Citigroup cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $50.00 in a report on Wednesday, September 3rd. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a report on Monday, August 4th. They set a “buy” rating and a $65.00 price target for the company. JPMorgan Chase & Co. raised their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Finally, UBS Group restated a “neutral” rating and set a $52.00 price target on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and a consensus target price of $58.78.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $50.59 on Monday. Academy Sports and Outdoors has a one year low of $33.34 and a one year high of $64.61. The company has a 50-day moving average of $51.89 and a two-hundred day moving average of $46.27. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.03 and a beta of 1.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. On average, equities research analysts expect that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of the company’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value of $195,712.00. Following the sale, the director owned 7,084 shares of the company’s stock, valued at approximately $315,096.32. This represents a 38.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank boosted its holdings in Academy Sports and Outdoors by 214.6% during the second quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after buying an additional 470 shares during the last quarter. Your Advocates Ltd. LLP raised its holdings in shares of Academy Sports and Outdoors by 101.5% in the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock valued at $53,000 after purchasing an additional 362 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after buying an additional 657 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Academy Sports and Outdoors in the first quarter valued at $64,000.

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.