Academy Sports and Outdoors (ASO – Research Report) received a Buy rating from Evercore ISI analyst Greg Melich yesterday. The company’s shares closed last Monday at $46.16, close to its 52-week high of $46.57.
According to TipRanks.com, Melich is a 3-star analyst with an average return of 9.4% and a 70.8% success rate. Melich covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, O’Reilly Auto, and Home Depot.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Academy Sports and Outdoors with a $51.25 average price target, which is a 13.4% upside from current levels. In a report issued on September 10, UBS also maintained a Buy rating on the stock with a $52.00 price target.
Based on Academy Sports and Outdoors’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.58 billion and net profit of $178 million. In comparison, last year the company earned revenue of $1.14 billion and had a GAAP net loss of $10.02 million.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ASO in relation to earlier this year.
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Operating a chain of sporting goods stores, Academy Sports and Outdoors offers a broad range of hunting, fishing and camping equipment as well as sports and leisure products.