Academy Sports activities and Outdoor, Inc. (NASDAQ:ASO) Receives Common Score of “Reasonable Purchase” from Analysts

Shares of Academy Sports activities and Outdoor, Inc. (NASDAQ:ASOGet Score) have been given a consensus ranking of “Reasonable Purchase” by the 13 rankings companies which might be protecting the inventory, Marketbeat Rankings experiences. One equities analysis analyst has rated the inventory with a maintain ranking and ten have assigned a purchase ranking to the corporate. The typical 1-year goal worth amongst analysts which have up to date their protection on the inventory within the final yr is $55.08.

Numerous brokerages lately weighed in on ASO. Stephens lifted their goal worth on shares of Academy Sports activities and Outdoor from $70.00 to $72.00 and gave the inventory an “obese” ranking in a analysis word on Wednesday, June eighth. Truist Monetary initiated protection on shares of Academy Sports activities and Outdoor in a analysis word on Wednesday, Could eleventh. They set a “purchase” ranking and a $53.00 goal worth for the corporate. UBS Group decreased their worth goal on shares of Academy Sports activities and Outdoor to $55.00 in a analysis word on Thursday, June ninth. Lastly, Morgan Stanley initiated protection on shares of Academy Sports activities and Outdoor in a analysis word on Monday, August fifteenth. They issued an “equal weight” ranking and a $50.00 worth goal for the corporate.

Institutional Traders Weigh In On Academy Sports activities and Outdoor

A number of hedge funds and different institutional traders have lately made modifications to their positions in ASO. BlackRock Inc. boosted its holdings in Academy Sports activities and Outdoor by 124.0% throughout the first quarter. BlackRock Inc. now owns 13,562,648 shares of the corporate’s inventory value $534,370,000 after buying a further 7,507,589 shares over the past quarter. Vanguard Group Inc. boosted its holdings in Academy Sports activities and Outdoor by 11.3% throughout the first quarter. Vanguard Group Inc. now owns 9,462,337 shares of the corporate’s inventory value $372,817,000 after buying a further 958,800 shares over the past quarter. State Road Corp boosted its holdings in Academy Sports activities and Outdoor by 4.7% throughout the second quarter. State Road Corp now owns 2,966,854 shares of the corporate’s inventory value $105,660,000 after buying a further 132,717 shares over the past quarter. Goldman Sachs Group Inc. boosted its holdings in Academy Sports activities and Outdoor by 53.2% throughout the second quarter. Goldman Sachs Group Inc. now owns 1,863,331 shares of the corporate’s inventory value $66,223,000 after buying a further 647,278 shares over the past quarter. Lastly, Hood River Capital Administration LLC boosted its holdings in Academy Sports activities and Outdoor by 3.7% throughout the first quarter. Hood River Capital Administration LLC now owns 1,626,231 shares of the corporate’s inventory value $64,074,000 after buying a further 58,696 shares over the past quarter. 98.01% of the inventory is owned by institutional traders.

Academy Sports activities and Outdoor Value Efficiency

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Shares of NASDAQ ASO opened at $43.25 on Friday. Academy Sports activities and Outdoor has a twelve month low of $25.10 and a twelve month excessive of $51.08. The agency has a fifty day easy shifting common of $41.82 and a 200 day easy shifting common of $37.95. The corporate has a market capitalization of $3.68 billion, a PE ratio of 6.21, a P/E/G ratio of 0.69 and a beta of 1.39. The corporate has a fast ratio of 0.44, a present ratio of 1.56 and a debt-to-equity ratio of 0.45.

Academy Sports activities and Outdoor (NASDAQ:ASOGet Score) final introduced its earnings outcomes on Tuesday, June seventh. The corporate reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.33. Academy Sports activities and Outdoor had a web margin of 9.66% and a return on fairness of 47.24%. The enterprise had income of $1.47 billion throughout the quarter, in comparison with the consensus estimate of $1.45 billion. Throughout the identical quarter final yr, the agency earned $1.89 earnings per share. Academy Sports activities and Outdoor’s quarterly income was down 7.1% on a year-over-year foundation. On common, sell-side analysts forecast that Academy Sports activities and Outdoor will put up 7.01 EPS for the present yr.

Academy Sports activities and Outdoor Firm Profile

(Get Score)

Academy Sports activities and Outdoor, Inc, by means of its subsidiaries, operates as a sporting items and outside leisure merchandise retailer in the US. The corporate sells coolers and drinkware, tenting equipment, tenting gear, sun shades, backpacks, and sports activities luggage; marine gear and fishing rods, reels, baits, and gear; firearms, ammunition, archery and archery gear, camouflage attire, waders, capturing equipment, optics, airguns, and looking gear; group sports activities gear, together with baseball, soccer, basketball, soccer, golf, racket sports activities, and volleyball; health gear and equipment, and diet provides; and patio furnishings, outside cooking, wheeled items, trampolines, playsets, watersports, and pet gear, in addition to electronics merchandise, watches, consumables, batteries, and so on.

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

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