JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Academy Sports and Outdoors (NASDAQ:ASO) Stock

Academy Sports and Outdoors (NASDAQ:ASO) had its target price upped by JPMorgan Chase & Co. from $52.00 to $54.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 14.33% from the stock’s previous close.

ASO has been the topic of a number of other reports. Telsey Advisory Group reiterated an “outperform” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Oppenheimer dropped their target price on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a report on Friday. B. Riley dropped their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday. UBS Group dropped their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Finally, TD Cowen raised their price objective 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. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.38.

Academy Sports and Outdoors Trading Down 0.4 %

ASO stock opened at $47.23 on Friday. 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 company’s 50-day simple moving average is $51.09 and its 200 day simple moving average is $53.15. Academy Sports and Outdoors has a 52 week low of $43.16 and a 52 week high of $68.96. The company has a market capitalization of $3.28 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company posted $2.21 earnings per share. Academy Sports and Outdoors’s revenue was down 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Hedge Funds Weigh In On Academy Sports and Outdoors

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Academy Sports and Outdoors by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock valued at $118,092,000 after acquiring an additional 50,715 shares in the last quarter. Citigroup Inc. lifted its stake in Academy Sports and Outdoors by 66.4% during the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock valued at $5,582,000 after acquiring an additional 38,155 shares in the last quarter. FMR LLC lifted its stake in Academy Sports and Outdoors by 15.3% during the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after acquiring an additional 1,422,971 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Academy Sports and Outdoors by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock valued at $40,974,000 after acquiring an additional 90,592 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new position in Academy Sports and Outdoors during the 3rd quarter valued at $633,000.

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.