Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $54.00 at JPMorgan Chase & Co.

Academy Sports and Outdoors (NASDAQ:ASO) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $52.00 to $54.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 12.02% from the company’s current price.

A number of other research firms also recently commented on ASO. Morgan Stanley decreased their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday. Truist Financial boosted their price objective on shares of 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. TD Cowen raised their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. 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 report on Monday. Finally, Oppenheimer cut their price objective on Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and a consensus target price of $60.38.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO traded up $0.79 during trading hours on Friday, hitting $48.21. The company’s stock had a trading volume of 867,728 shares, compared to its average volume of 1,557,677. 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. The business’s 50-day moving average is $51.30 and its two-hundred day moving average is $53.22. The company has a market capitalization of $3.35 billion, a PE ratio of 7.92, a PEG ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.67 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. As a group, research analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. TD Private Client Wealth LLC purchased a new position in Academy Sports and Outdoors during the third quarter worth approximately $40,000. AlphaQuest LLC boosted its holdings in Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after acquiring an additional 496 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after acquiring an additional 915 shares during the period. LGT Financial Advisors LLC increased its stake in Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after purchasing an additional 843 shares during the period.

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.