Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $73.00

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) had its price target boosted by investment analysts at Loop Capital from $65.00 to $73.00 in a research note issued to investors on Friday, The Fly reports. Loop Capital’s price objective suggests a potential upside of 15.31% from the company’s previous close.

ASO has been the topic of a number of other reports. Cowen assumed coverage on Academy Sports and Outdoors in a research report on Thursday, February 16th. They set an “outperform” rating and a $72.00 target price on the stock. Wedbush boosted their target price on Academy Sports and Outdoors from $57.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, December 8th. Cowen began coverage on Academy Sports and Outdoors in a research report on Thursday, February 16th. They issued an “outperform” rating and a $72.00 price objective on the stock. Morgan Stanley upped their price objective on Academy Sports and Outdoors from $58.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, The Goldman Sachs Group upped their price objective on Academy Sports and Outdoors from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 17th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and an average target price of $71.21.

Academy Sports and Outdoors Stock Down 2.5 %

ASO opened at $63.31 on Friday. The business’s fifty day moving average is $58.47 and its two-hundred day moving average is $51.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.32 and a current ratio of 1.57. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.80 and a beta of 1.14. Academy Sports and Outdoors has a one year low of $25.10 and a one year high of $67.70.

Insider Transactions at Academy Sports and Outdoors

In other news, SVP Manish Maini sold 45,000 shares of the company’s stock in a transaction dated 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 owns 102,639 shares of the company’s stock, valued at $5,575,350.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 148,059 shares of company stock valued at $8,428,292 over the last quarter. Company insiders own 3.51% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Centaurus Financial Inc. boosted its holdings in 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 purchasing an additional 250 shares during the last quarter. Meritage Portfolio Management lifted its holdings in Academy Sports and Outdoors by 3.6% during the 4th quarter. Meritage Portfolio Management now owns 7,309 shares of the company’s stock worth $384,000 after buying an additional 251 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Academy Sports and Outdoors by 1.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 17,774 shares of the company’s stock worth $750,000 after buying an additional 302 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Academy Sports and Outdoors by 55.0% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock worth $40,000 after buying an additional 357 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in Academy Sports and Outdoors by 0.9% during the 3rd quarter. Amalgamated Bank now owns 38,558 shares of the company’s stock worth $1,626,000 after buying an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Academy Sports and Outdoors Company Profile

(Get Rating)

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.