Academy Sports and Outdoors (NASDAQ:ASO) Given New $73.00 Price Target at Wedbush

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) had its price target lifted by equities researchers at Wedbush from $68.00 to $73.00 in a research note issued on Friday, The Fly reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price objective indicates a potential upside of 15.31% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company increased their price target on Academy Sports and Outdoors from $56.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, December 8th. Jefferies Financial Group began coverage on Academy Sports and Outdoors in a research report on Tuesday, March 14th. They set a “buy” rating and a $73.00 price objective for the company. Cowen began coverage on Academy Sports and Outdoors in a research report on Thursday, February 16th. They set an “outperform” rating and a $72.00 price objective for the company. Loop Capital upped their price objective on Academy Sports and Outdoors from $65.00 to $73.00 in a research report on Friday. Finally, Cowen began coverage on Academy Sports and Outdoors in a research report on Thursday, February 16th. They set an “outperform” rating and a $72.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.21.

Academy Sports and Outdoors Stock Down 2.5 %

Shares of Academy Sports and Outdoors stock opened at $63.31 on Friday. Academy Sports and Outdoors has a 1 year low of $25.10 and a 1 year high of $67.70. The business has a 50-day moving average of $58.47 and a two-hundred day moving average of $51.38. The company has a market capitalization of $4.95 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 0.32.

Insider Activity at Academy Sports and Outdoors

In other news, SVP Manish Maini sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $54.32, for a total value of $2,444,400.00. Following the completion of the sale, the senior vice president now directly owns 102,639 shares of the company’s stock, valued at $5,575,350.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 148,059 shares of company stock valued at $8,428,292. Insiders own 3.51% of the company’s stock.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. lifted its position in shares of Academy Sports and Outdoors by 5.0% in the third quarter. Centaurus Financial Inc. now owns 5,300 shares of the company’s stock valued at $224,000 after buying an additional 250 shares during the last quarter. Meritage Portfolio Management lifted its position in shares of Academy Sports and Outdoors by 3.6% in the fourth quarter. Meritage Portfolio Management now owns 7,309 shares of the company’s stock valued at $384,000 after buying an additional 251 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Academy Sports and Outdoors by 1.7% during the third quarter. Envestnet Asset Management Inc. now owns 17,774 shares of the company’s stock worth $750,000 after purchasing an additional 302 shares during the period. Captrust Financial Advisors increased its stake in shares of Academy Sports and Outdoors by 55.0% during the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock worth $40,000 after purchasing an additional 357 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Academy Sports and Outdoors by 0.9% during the third quarter. Amalgamated Bank now owns 38,558 shares of the company’s stock worth $1,626,000 after purchasing an additional 361 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Academy Sports and Outdoors Company Profile

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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.