Wedbush equity researchers assumed coverage of the stocks of Sports and Outdoors Academy (NASDAQ: ASO) in a note issued to investors on Monday, Fly reports. The brokerage established an “outperformance” rating on the stock.
A number of other equity analysts also commented on ASO. Credit Suisse Group raised its price target for Academy Sports and Outdoors shares from $ 44.00 to $ 53.00 and gave the stock an “outperformance” rating in a report released on Friday, September 10. . JPMorgan Chase & Co. raised its price target for Academy Sports and Outdoors stock from $ 50.00 to $ 55 and rated the stock “overweight” in a report released on Friday, September 10. Goldman Sachs raised its target price for Academy Sports and Outdoors stock from $ 40.00 to $ 47.00 and rated the stock “neutral” in a report released on Tuesday, September 28. UBS Group raised its price target for Academy Sports and Outdoors stock from $ 48.00 to $ 52.00 and gave the stock a “buy” rating in a report released on Friday, September 10. . Finally, Bank of America raised its price target for Academy Sports and Outdoors stock from $ 50.00 to $ 60.00 and gave the stock a “buy” rating in a report released on Friday. September 10. One research analyst rated the stock with a conservation rating and eleven issued a buy rating for the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $ 52.20.
Actions of ASO traded up $ 1.31 at midday Monday, reaching $ 44.62. 3,020,998 shares of the company were traded, for an average volume of 2,247,982. Academy Sports and Outdoors has a 52 week low of $ 14.14 and a 52 week high of $ 47.65. The stock’s 50-day simple moving average is $ 41.42 and its 200-day simple moving average is $ 37.87. The company has a market capitalization of $ 4.17 billion and a price / earnings ratio of 8.05. The company has a quick ratio of 0.51, a current ratio of 1.46, and a debt ratio of 0.47.
Academy Sports and Outdoors (NASDAQ: ASO) last released its quarterly results on Wednesday, September 8. The company reported earnings per share (EPS) of $ 2.34 for the quarter, beating Thomson Reuters consensus estimate of $ 1.42 by $ 0.92. The company posted revenue of $ 1.79 billion for the quarter, compared to analyst estimates of $ 1.67 billion. Academy Sports and Outdoors had a net margin of 8.22% and a return on equity of 48.08%. The quarterly turnover of the activity is up 11.5% compared to the same quarter last year. Analysts expect Academy Sports and Outdoors to post earnings per share of 6.14 for the current fiscal year.
Meanwhile, 2006 main shareholder, Allstar Blocker LP Kkr, sold 18,645,602 shares of the company in a transaction dated Friday, September 17. The shares were sold at an average price of $ 43.52 for a total transaction of $ 811,456,599.04. The transaction has been disclosed in a legal file with the SEC, which can be accessed through the SEC website. Also, initiate Heather A. Davis sold 4,684 shares of the company in a transaction dated Thursday, September 23. The shares were sold at an average price of $ 43.03, for a total trade of $ 201,552.52. Disclosure of this sale can be found here. In the past three months, insiders have sold 18,657,515 shares of the company valued at $ 811,991,119. 1.83% of the shares are currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares in the company. The New York State Teachers Retirement System purchased a new equity stake in Academy Sports and Outdoors in the third quarter valued at approximately $ 264,000. CFM Wealth Partners LLC increased its position in shares of Academy Sports and Outdoors by 8.9% in the third quarter. CFM Wealth Partners LLC now owns 62,501 shares of the company valued at $ 2,501,000 after purchasing an additional 5,114 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Academy Sports and Outdoors shares in the third quarter for a value of approximately $ 734,000. Avantax Advisory Services Inc. purchased a new equity stake in Academy Sports and Outdoors in the third quarter for a value of approximately $ 291,000. Finally, Islay Capital Management LLC purchased a new stake in Academy Sports and Outdoors shares in the third quarter valued at approximately $ 117,000. 98.04% of the shares are currently held by institutional investors.
About the Sports and Outdoors Academy
Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a retailer of sporting goods and outdoor recreation products in the United States. The company sells coolers and glasses, camping accessories, camping gear, sunglasses, backpacks and sports bags; marine equipment and fishing rods, reels, bait and equipment; firearms, ammunition, archery and archery equipment, camouflage clothing, waders, shooting accessories, optics, air guns and hunting equipment; baseball, football, basketball, soccer, golf, racquet sports, volleyball, fitness equipment, fitness accessories and nutrition; and patio equipment, outdoor cooking, wheeled items, trampolines, play sets, water sports, pet gear, electronics and watches.
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