Academy Sports and Outdoors (NASDAQ:ASO) Stock Rating Reaffirmed by B. Riley

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report)‘s stock had its “buy” rating restated by investment analysts at B. Riley in a research report issued on Monday, Benzinga reports. They currently have a $72.00 price target on the stock, up from their previous price target of $65.00. B. Riley’s price target points to a potential upside of 9.96% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Evercore ISI raised their price target on shares of Academy Sports and Outdoors from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Robert W. Baird lifted their target price on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. TD Cowen lowered their target price on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Truist Financial reissued a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday, March 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $73.81.

View Our Latest Stock Report on Academy Sports and Outdoors

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $65.48 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. The stock has a market capitalization of $4.87 billion, a P/E ratio of 9.74, a PEG ratio of 0.86 and a beta of 1.38. The company has a 50 day moving average price of $68.09 and a 200 day moving average price of $57.77. Academy Sports and Outdoors has a fifty-two week low of $42.83 and a fifty-two week high of $75.73.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,065 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $64.81, for a total transaction of $69,022.65. Following the completion of the sale, the director now directly owns 9,070 shares of the company’s stock, valued at approximately $587,826.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.56% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Verity Asset Management Inc. lifted its position in Academy Sports and Outdoors by 53.2% in the 3rd quarter. Verity Asset Management Inc. now owns 23,958 shares of the company’s stock valued at $1,132,000 after purchasing an additional 8,316 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Academy Sports and Outdoors by 19.2% during the 3rd quarter. AQR Capital Management LLC now owns 116,400 shares of the company’s stock worth $5,502,000 after buying an additional 18,736 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Academy Sports and Outdoors by 289.0% during the 3rd quarter. Gotham Asset Management LLC now owns 34,193 shares of the company’s stock worth $1,616,000 after buying an additional 25,403 shares in the last quarter. Pearl River Capital LLC bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth about $464,000. Finally, Jennison Associates LLC raised its position in shares of Academy Sports and Outdoors by 77.7% during the 3rd quarter. Jennison Associates LLC now owns 21,945 shares of the company’s stock worth $1,037,000 after buying an additional 9,598 shares in the last quarter.

About Academy Sports and Outdoors

(Get Free Report)

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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.

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Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

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