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Academy Sports and Outdoors (ASO) Gets a Buy Rating from Evercore ISI

In a report released yesterday, Greg Melich from Evercore ISI reiterated a Buy rating on Academy Sports and Outdoors (ASOResearch Report), with a price target of $50.00. The company’s shares closed last Tuesday at $30.91.

According to TipRanks.com, Melich is a 2-star analyst with an average return of 0.0% and a 45.5% success rate. Melich covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Advance Auto Parts, and O’Reilly Auto.

Academy Sports and Outdoors has an analyst consensus of Strong Buy, with a price target consensus of $57.00.

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Based on Academy Sports and Outdoors’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.59 billion and net profit of $161 million. In comparison, last year the company earned revenue of $1.35 billion and had a net profit of $59.59 million.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ASO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on ASO:

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