Telsey Advisory Group Reiterates Outperform Rating for Academy Sports and Outdoors (NASDAQ:ASO)

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “outperform” rating restated by research analysts at Telsey Advisory Group in a note issued to investors on Monday,Benzinga reports. They presently have a $60.00 price target on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 29.34% from the stock’s previous close.

Several other research analysts also recently commented on the stock. TD Cowen raised their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Citigroup assumed coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective for the company. Truist Financial raised their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Finally, Robert W. Baird cut their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.13.

Academy Sports and Outdoors Trading Down 0.7 %

Shares of ASO stock opened at $46.39 on Monday. The company has a 50 day moving average of $51.75 and a 200-day moving average of $53.30. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 12-month low of $43.16 and a 12-month high of $72.35. The firm has a market cap of $3.22 billion, a P/E ratio of 7.62, a PEG ratio of 1.02 and a beta of 1.25.

Institutional Trading of Academy Sports and Outdoors

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at $5,520,000. Mackenzie Financial Corp raised its position in shares of Academy Sports and Outdoors by 395.5% during the 4th quarter. Mackenzie Financial Corp now owns 23,153 shares of the company’s stock valued at $1,332,000 after buying an additional 18,480 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at $3,581,000. CSS LLC IL raised its position in shares of Academy Sports and Outdoors by 52.2% during the 4th quarter. CSS LLC IL now owns 7,610 shares of the company’s stock valued at $438,000 after buying an additional 2,610 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Academy Sports and Outdoors by 15.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 154,257 shares of the company’s stock worth $8,874,000 after purchasing an additional 20,903 shares during the period.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.