BUZZ-Truist raises PT on Academy Sports & Outdoors to $57

Reuters12-11
BUZZ-Truist raises PT on Academy Sports & Outdoors to $57

** Truist Securities raises PT on sporting goods retailer Academy Sports and Outdoors ASO.O to $57 from $50

** New PT represents a 7.4% upside to stock's last close

** Truist cites better-than-expected margins in the third quarter, along with encouraging results from new stores and ecommerce

** Says new stores experienced high single-digit percentage growth in sales, while e-commerce sales increased by 22%

** Brokerage slightly raises ASO's FY25/FY26 EPS estimates to $6.02-$6.65 from $6.00-$6.60, values the stock at 8.5x 2026 EPS

** Co on Tuesday posted third‑quarter net sales of $1.38 billion vs. analysts' estimates of $1.4 billion - data compiled by LSEG

** ASO opened 11 new stores during the quarter, bringing total store count to 317 across 21 states

** 9 of 21 analysts rate the stock "buy", 12 "hold"; median PT is $59 - data compiled by LSEG

** As of last close, ASO down 7.8% YTD

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

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