Academy Sports and Outdoors Gets Price Target Bumps By Analysts After Upbeat Earnings

Academy Sports and Outdoors Gets Price Target Bumps By Analysts After Upbeat Earnings

Academy Sports and Outdoors, Inc. ASO reported better-than-expected Q2 earnings and reaffirmed guidance on Wednesday.

The company reported quarterly earnings of $2.30 per share, which beat average analyst estimates of $2.08 per share.

Academy Sports and Outdoors shares gained 2.5% to $49.00 on Thursday.

Several analysts made changes to their price targets on Academy Sports today.

  • Wedbush boosted the price target on the stock from $50 to $57. Wedbush analyst Seth Basham maintained an Outperform rating on the stock.
  • Oppenheimer raised price target on the stock from $50 to $60. Oppenheimer analyst Brian Nagel maintained Academy Sports with an Outperform.
  • Morgan Stanley increased the price target on the stock from $50 to $54. Morgan Stanley analyst Simeon Gutman maintained an Equal-Weight rating on the stock.
  • Evercore ISI Group boosted the price target on the stock from $55 to $60. Evercore ISI Group analyst Greg Melich maintained an Outperform rating on the stock.
  • UBS raised Academy Sports price target from $55 to $60. UBS analyst Michael Lasser maintained a Buy rating on the stock.

Posted In: PT ChangesEarningsNewsPrice TargetMarketsAnalyst Ratings