Academy Sports and Outdoors’ (ASO) Outperform Rating Reiterated at Telsey Advisory Group

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a report released on Monday,Benzinga reports. They presently have a $60.00 price target on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 33.04% from the company’s previous close.

Several other research firms have also recently weighed in on ASO. Robert W. Baird lowered their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Wedbush reissued an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. TD Cowen upped their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. 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. Finally, Citigroup started coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price for the company. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Hold” and an average target price of $61.67.

Academy Sports and Outdoors Stock Up 2.9 %

ASO opened at $45.10 on Monday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 1.02 and a beta of 1.25. The firm has a 50 day moving average price of $52.18 and a 200-day moving average price of $53.42. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $72.43. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Academy Sports and Outdoors by 2.6% during the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock valued at $118,092,000 after buying an additional 50,715 shares during the last quarter. Citigroup Inc. increased its holdings in Academy Sports and Outdoors by 66.4% in the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock valued at $5,582,000 after acquiring an additional 38,155 shares during the last quarter. FMR LLC lifted its stake in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after purchasing an additional 1,422,971 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Academy Sports and Outdoors by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock valued at $40,974,000 after purchasing an additional 90,592 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new position in shares of Academy Sports and Outdoors during the third quarter valued at about $633,000.

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.