Academy Sports and Outdoors (NASDAQ:ASO) Stock Picked Up by Analysts at Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald began coverage on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a note issued to investors on Monday, FinViz reports. The firm set an “overweight” rating and a $89.00 price target on the stock. Cantor Fitzgerald‘s price objective suggests a potential upside of 25.04% from the company’s current price.

Several other research firms have also recently weighed in on ASO. UBS Group lifted their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Truist Financial raised their target price on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, September 10th. Loop Capital lowered Academy Sports and Outdoors from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company raised Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th. Finally, BMO Capital Markets set a $42.00 price objective on Academy Sports and Outdoors and gave the stock a “market perform” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.71.

Academy Sports and Outdoors Stock Up 5.8%

ASO stock opened at $71.18 on Monday. The firm has a market cap of $4.38 billion, a PE ratio of 11.86, a P/E/G ratio of 0.94 and a beta of 0.94. Academy Sports and Outdoors has a 12 month low of $41.29 and a 12 month high of $71.29. The firm has a 50 day simple moving average of $53.99 and a 200 day simple moving average of $53.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 0.35.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.24. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.94 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Equities research analysts forecast that Academy Sports and Outdoors will post 6.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Brian Marley sold 10,432 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total transaction of $555,504.00. Following the completion of the transaction, the director owned 32,607 shares of the company’s stock, valued at approximately $1,736,322.75. The trade was a 24.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Samuel J. Johnson sold 70,303 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total value of $3,640,992.37. Following the completion of the sale, the president directly owned 36,861 shares of the company’s stock, valued at $1,909,031.19. This represents a 65.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 106,315 shares of company stock valued at $5,576,537. Company insiders own 4.08% of the company’s stock.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its position in Academy Sports and Outdoors by 52.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 736 shares of the company’s stock worth $35,000 after purchasing an additional 252 shares during the last quarter. Heritage Family Offices LLP acquired a new stake in Academy Sports and Outdoors during the third quarter worth about $36,000. Northwestern Mutual Wealth Management Co. bought a new position in Academy Sports and Outdoors during the second quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its stake in Academy Sports and Outdoors by 38.9% during the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock valued at $52,000 after acquiring an additional 258 shares during the period. Finally, State of Wyoming bought a new position in Academy Sports and Outdoors during the second quarter valued at about $55,000.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer that sells products through its stores and e-commerce platform. Its merchandise includes sports and fitness equipment, outdoor and camping gear, hunting and fishing supplies, apparel, footwear and recreation products.

The company serves customers primarily in the southern and eastern United States through a network of retail locations. Its stores offer products for a range of sports and outdoor activities, as well as items for everyday use.

Founded in 1938, Academy began as a family-owned business in Texas and grew into a regional sporting goods retailer.