At first, it was easy to dismiss Academy Sports & Outdoors (ticker: ASO) as a pandemic play: People were snapping up outdoor gear and exercise equipment to fill the days at home with activities other than just snacking. Barron’s argued in July 2021 that the company was much more than just that a pandemic darling—thanks to factors like an expanding store base, lean balance sheet, and strong management team. Despite the stock’s meteoric run there are still naysayers who say Academy is “over earning,” notes Baird analyst Justin Kleber, who initiated coverage on the shares late Tuesday with a Buy rating and $80 price target.
Academy Sports and Outdoors, Inc. ("Academy" or the "Company") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, plans to host its first-ever Analyst + Investor Event on April 3 and 4, 2023.
While Academy Sports and Outdoors, Inc. ( NASDAQ:ASO ) might not be the most widely known stock at the moment, it...