DKS - Academy Sports Could Face Impact From Weak Outdoor Product Demand In Q2 Analyst Warns of Margin Pressure | Benzinga
Telsey Advisory Group analyst Cristina Fernández reiterated an Outperform rating on Academy Sports And Outdoors, Inc. (NASDAQ: ASO) with a price target of $72.
Academy Sports will release its Q2 results on Thursday, August 31, 2023.
The analyst is cautious about Academy's results owing to the recent commentary from Dick's Sporting Goods Inc (NYSE: DKS) on lower demand for outdoor that led to industry markdowns to clear goods (Academy has a sizable exposure to outdoor products with ~30% of total sale).
For the quarter to be reported, the ...