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

Evercore ISI analyst Greg Melich maintained a Buy rating on Academy Sports and Outdoors (ASOResearch Report) yesterday and set a price target of $55.00. The company’s shares closed last Monday at $32.37.

According to, Melich is a 2-star analyst with an average return of 1.2% and a 44.6% success rate. Melich covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Advance Auto Parts, and O’Reilly Auto.

Currently, the analyst consensus on Academy Sports and Outdoors is a Strong Buy with an average price target of $57.80.

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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 47 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.

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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.

Read More on ASO:

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