Academy Sports and Outdoors (NASDAQ:ASO) Research coverage has begun at Truist Financial

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Equity researchers at Truist Financial have launched a hedge on the shares of Academy Sports and Outdoors (NASDAQ:ASO – Get a Grade) in a report released Wednesday, reports The Fly. The brokerage has set a “buy” rating on the stock.

A number of other analysts have also recently published reports on the ASO. Stephens raised its price target on Academy Sports and Outdoors from $68.00 to $70.00 and gave the company an “overweight” rating in a Wednesday, March 30 research report. Wells Fargo & Company cut its price target on Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating on the stock in a Thursday, March 24 report. Goldman Sachs Group cut its price target on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating on the stock in a Wednesday May 4 report. Zacks Investment Research upgraded Academy Sports and Outdoors from a “hold” rating to a “buy” rating and set a target price of $43.00 on the stock in a Monday, April 4, report. Finally, Loop Capital raised its price target on Academy Sports and Outdoors from $43.00 to $50.00 in a Wednesday, March 30 report. Thirteen equity research analysts rated the stock with a buy rating. According to MarketBeat.com, Academy Sports and Outdoors has an average rating of “Buy” and a consensus target price of $54.17.

ASO opened at $35.81 on Wednesday. The company has a market capitalization of $3.09 billion, a PE ratio of 5.03, a growth price-earnings ratio of 0.36 and a beta of 1.60. Academy Sports and Outdoors has a 1-year minimum of $29.74 and a 1-year maximum of $51.08. The company has a current ratio of 1.52, a quick ratio of 0.48 and a debt ratio of 0.47. The company’s fifty-day moving average price is $37.45.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly earnings data on Tuesday, March 29. The company reported earnings per share (EPS) of $1.61 for the quarter, beating consensus analyst estimates of $1.37 by $0.24. The company posted revenue of $1.81 billion in the quarter, compared to $1.77 billion expected by analysts. Academy Sports and Outdoors had a return on equity of 51.14% and a net margin of 9.91%. The company’s revenue for the quarter increased 13.2% year over year. In the same quarter last year, the company earned earnings per share of $1.09. As a group, research analysts expect Academy Sports and Outdoors to post earnings per share of 7.02 for the current year.

A number of institutional investors and hedge funds have recently changed their stock holdings. Bailard Inc. increased its stake in Academy Sports and Outdoors by 1.8% during the fourth quarter. Bailard inc. now owns 16,900 shares of the company valued at $742,000 after acquiring an additional 300 shares during the period. Meritage Portfolio Management increased its stake in Academy Sports and Outdoors by 5.4% during the fourth quarter. Meritage Investment Management now owns 6,307 shares of the company valued at $277,000 after acquiring 323 additional shares during the period. Capital Investment Advisory Services LLC increased its stake in Academy Sports and Outdoors by 8.2% during the first quarter. Capital Investment Advisory Services LLC now owns 5,300 shares of the company valued at $209,000 after acquiring an additional 400 shares during the period. Teacher Retirement System of Texas increased its stake in Academy Sports and Outdoors by 2.7% during the first quarter. Teacher Retirement System of Texas now owns 17,136 shares of the company valued at $675,000 after acquiring 458 additional shares during the period. Finally, B. Riley Wealth Management Inc. increased its stake in Academy Sports and Outdoors by 8.1% during the first quarter. B. Riley Wealth Management Inc. now owns 6,164 shares of the company valued at $243,000 after acquiring 463 additional shares during the period. Hedge funds and other institutional investors hold 89.94% of the company’s shares.

About the Sports and Outdoors Academy (Get a rating)

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, airguns and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racquet sports and volleyball; fitness equipment and accessories and nutritional supplies; and patio furniture, outdoor kitchen, rolling items, trampolines, play sets, water sports and pet equipment, as well as electronics, watches, consumables, batteries, etc.

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

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