Form 8-K Academy Sports & Outdoor For: Mar 21

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Go back to Form 8-K Academy Sports & Outdoor For: Mar 21

Evercore ISI on Academy Sports & Outdoors Inc. (ASO), 'The stock is indicated to give back much of its 8% ytd gains'

March 21, 2024 9:55 AM EDT

Evercore ISI analyst Greg Melich reiterated an Outperform rating and $75.00 price target on Academy Sports & Outdoors Inc. (NASDAQ: ASO).

The analyst comments "Academys 4Q was a modest comp beat offset by higher than expected SG&A expense. Adj. 4Q EPS was $2.21 and missed consensus ($2.29) by $0.08. The big news: 2024 guidance more than 10% below the street due to a combination of comps below and SG&A costs higher than expected.... More