Telsey Advisory Group Has Lowered Expectations for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective cut by analysts at Telsey Advisory Group from $65.00 to $60.00 in a research report issued on Wednesday, Briefing.com reports. The firm presently has an “outperform” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 40.15% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Stephens initiated coverage on Academy Sports and Outdoors in a report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 price target for the company. The Goldman Sachs Group dropped their price objective on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, June 10th. Wells Fargo & Company reiterated a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, June 10th. Weiss Ratings cut shares of Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Finally, Barclays decreased their target price on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Hold” and an average target price of $57.71.

Academy Sports and Outdoors Stock Down 0.3%

Shares of NASDAQ:ASO opened at $42.81 on Wednesday. The company has a 50 day moving average price of $47.16 and a two-hundred day moving average price of $52.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68. The company has a market capitalization of $2.66 billion, a PE ratio of 7.54, a PEG ratio of 0.62 and a beta of 1.02. Academy Sports and Outdoors has a 52 week low of $41.29 and a 52 week high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Analysts forecast that Academy Sports and Outdoors will post 6.08 earnings per share for the current year.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in Academy Sports and Outdoors by 8.5% in the 1st quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock valued at $2,726,000 after purchasing an additional 4,665 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Academy Sports and Outdoors by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock worth $1,846,000 after purchasing an additional 1,257 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Academy Sports and Outdoors in the first quarter worth approximately $223,000. Strs Ohio bought a new position in shares of Academy Sports and Outdoors in the first quarter valued at approximately $128,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Academy Sports and Outdoors by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after buying an additional 657 shares during the last quarter.

About Academy Sports and Outdoors

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.