Shares of sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO)
jumped 4.2% in the afternoon session after Barclays initiated coverage on the stock with a neutral 'Equal-Weight' rating. The bank set a price target of $51 for the sporting goods retailer. In its report, Barclays highlighted several positive factors, including a significant regional-to-national expansion opportunity with plans for about 160 new stores over the next four years. The firm also pointed to Academy's strong private label portfolio, which accounts for 23% of total sales, and favorable long-term trends in the sporting goods industry. However, the neutral rating also reflects certain risks, such as inventory growing faster than sales, challenges in elevating its footwear brand mix, and significant national competition, which contributed to a decline in the share price during the previous session. Today’s upward move suggests investors are focusing on the long-term growth potential outlined in the report.
Shares of sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO)
fell 3.2% in the afternoon session after Barclays initiated coverage on the company with a neutral 'Equal-Weight' rating and a $51 price target.
A number of stocks jumped in the afternoon session after a key inflation data aligned with forecasts, bolstering hopes for continued interest rate cuts from the Federal Reserve.
Academy Sports & Outdoors (ASO) appears undervalued with a low P/E ratio, strong profitability, and solid financial health, making it a potential pick for value investors seeking to avoid value traps.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
Shares of sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO)
jumped 3.1% in the morning session after a key competitor, Amer Sports, boosted its financial forecast for the third quarter of 2025.
Shares of sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO)
fell 3.4% in the afternoon session after the stock extended its negative momentum as the company reported second-quarter results that missed Wall Street's expectations for both revenue and earnings.
Sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) fell short of the market’s revenue expectations in Q2 CY2025 as sales rose 3.3% year on year to $1.6 billion. On the other hand, the company’s full-year revenue guidance of $6.13 billion at the midpoint came in 0.6% above analysts’ estimates. Its non-GAAP profit of $1.94 per share was 9.1% below analysts’ consensus estimates.
Shares of sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO)
fell 8.5% in the afternoon session after the company reported second-quarter results that missed analyst expectations for both profit and sales.
Sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) missed Wall Street’s revenue expectations in Q2 CY2025 as sales rose 3.3% year on year to $1.6 billion. On the other hand, the company’s full-year revenue guidance of $6.13 billion at the midpoint came in 0.6% above analysts’ estimates. Its non-GAAP profit of $1.94 per share was 9.1% below analysts’ consensus estimates.
ASO stock appears undervalued with a strong P/E ratio, high profitability, and solid financial health, making it a compelling pick for value investors.
