ASO - Academy Sports Feels The Squeeze: Analyst Highlights Post-Holiday Slump And Conservative Outlook Under New Leadership | Benzinga
Truist Securities analyst Joseph Civello reiterated a Buy rating on the shares of Academy Sports and Outdoors Inc (NASDAQ:ASO) and lowered the price target from $77 to $75.
The company reported fourth-quarter FY23 sales growth of 2.8% year-on-year to $1.794 billion, missing the analyst consensus estimate of $1.796 billion. Adjusted EPS of $2.21 missed the estimate of $2.30.
While fourth-quarter demand was elevated around the holidays, customers remain financially stressed, and early first-quarter ...