UBS Group Has Lowered Expectations for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its target price dropped by equities research analysts at UBS Group from $58.00 to $55.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 15.62% from the company’s current price.

ASO has been the topic of several other research reports. Citigroup reduced their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday. Robert W. Baird reduced their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Truist Financial raised their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. TD Cowen upped their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Wedbush restated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Hold” and an average target price of $61.13.

Academy Sports and Outdoors Trading Up 2.5 %

ASO opened at $47.57 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. Academy Sports and Outdoors has a fifty-two week low of $43.16 and a fifty-two week high of $72.16. The company’s 50 day moving average price is $51.53 and its two-hundred day moving average price is $53.26. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 1.02 and a beta of 1.25.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $5,520,000. Mackenzie Financial Corp grew its position in Academy Sports and Outdoors by 395.5% in the 4th quarter. Mackenzie Financial Corp now owns 23,153 shares of the company’s stock valued at $1,332,000 after purchasing an additional 18,480 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Academy Sports and Outdoors during the 4th quarter valued at $3,581,000. CSS LLC IL increased its stake in 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 purchasing an additional 2,610 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Academy Sports and Outdoors by 15.7% during the fourth 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 buying an additional 20,903 shares during the last quarter.

Academy Sports and Outdoors Company Profile

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.