Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $21.81 Consensus Target Price from Brokerages


Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has received a consensus rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $21.81.

Several research firms recently commented on ASO. Bank of America began coverage on shares of Academy Sports and Outdoors in a report on Tuesday, October 27th. They issued a “buy” rating and a $24.00 price objective for the company. Loop Capital began coverage on shares of Academy Sports and Outdoors in a report on Wednesday, January 27th. They issued a “buy” rating and a $30.00 price objective for the company. Credit Suisse Group raised their price objective on shares of Academy Sports and Outdoors from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, December 11th. UBS Group began coverage on shares of Academy Sports and Outdoors in a report on Tuesday, October 27th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research raised shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, December 29th.

Academy Sports and Outdoors stock opened at $23.92 on Thursday. Academy Sports and Outdoors has a twelve month low of $12.05 and a twelve month high of $26.70. The firm has a 50 day moving average price of $21.59 and a 200-day moving average price of $17.65.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Wednesday, December 9th. The company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.55. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.26 billion. Academy Sports and Outdoors’s quarterly revenue was up 21.7% on a year-over-year basis. On average, equities analysts expect that Academy Sports and Outdoors will post 2.4 EPS for the current fiscal year.

In other Academy Sports and Outdoors news, CFO Michael P. Mullican sold 22,947 shares of the firm’s stock in a transaction on Tuesday, January 5th. The shares were sold at an average price of $20.50, for a total value of $470,413.50. Following the completion of the transaction, the chief financial officer now directly owns 224,171 shares of the company’s stock, valued at approximately $4,595,505.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven Paul Lawrence sold 4,282 shares of the firm’s stock in a transaction on Monday, January 4th. The shares were sold at an average price of $20.77, for a total transaction of $88,937.14. Following the completion of the transaction, the insider now directly owns 174,710 shares of the company’s stock, valued at $3,628,726.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,129,016 shares of company stock valued at $250,919,052.

Several institutional investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at $89,000. AE Wealth Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at $458,000. Victory Capital Management Inc. purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at $2,474,000. Monarch Partners Asset Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at $8,166,000. Finally, BlackRock Inc. purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at $21,904,000.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells a range of sporting and outdoor recreation products, including sporting equipment, apparel, footwear, camping gear, patio furniture, outdoor cooking equipment, and hunting and fishing gears primarily under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O’rageous, and Outdoor Gourmet brand names.

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Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)



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