Academy Sports and Outdoors (NASDAQ: ASO – Get a rating) saw its price target lowered by equity researchers to Wells Fargo and company from $62.00 to $58.00 in a research report delivered to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo and companythe price target would point to a potential upside of 54.46% from the stock’s previous close.
A number of other equity research analysts also commented on ASO. Goldman Sachs Group moved shares of Academy Sports and Outdoors from a “neutral” rating to a “buy” rating and raised its price target for the company from $47.00 to $58.00 in a Tuesday, December 14 report. UBS Group raised its price target on shares of Academy Sports and Outdoors from $52.00 to $56.00 and gave the company a “buy” rating in a Monday, Dec. 6 report. Oppenheimer assumed coverage of Academy Sports and Outdoors stocks in a report on Tuesday, Dec. 14. They set an “outperform” rating for the company. Ultimately, Zacks Investment Research downgraded shares of Academy Sports and Outdoors from a “hold” rating to a “sell” rating in a Wednesday, March 9 report. An equity research analyst rated the stock with a sell rating and eleven gave the company a buy rating. Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Buy” and an average price target of $53.92.
Shares of ASO traded down $0.67 during Thursday’s midday session, hitting $37.55. The company’s stock had a trading volume of 2,435,447 shares, compared to an average volume of 2,999,929. The stock has a market capitalization of $3.32 billion, a PE ratio of 5.76, a P/E/G ratio of 0.43 and a beta of 1.73. The company has a current ratio of 1.36, a quick ratio of 0.35 and a debt ratio of 0.50. Academy Sports and Outdoors has a 52-week minimum of $22.79 and a 52-week maximum of $51.08. The company’s fifty-day moving average price is $35.74 and its two-hundred-day moving average price is $40.64.
In other news, CEO Ken C. Hicks purchased 20,000 shares of Academy Sports and Outdoors in a trade that took place on Friday, January 14. The stock was purchased at an average cost of $38.91 per share, with a total value of $778,200.00. The transaction was disclosed in an SEC filing, available at this link. Additionally, director Brian T. Marley purchased 10,000 shares of Academy Sports and Outdoors in a transaction that took place on Monday, January 10. The shares were purchased at an average cost of $39.46 per share, with a total value of $394,600.00. Disclosure of this purchase can be found here. 1.83% of the shares are currently held by insiders.
Institutional investors and hedge funds have recently changed their positions in the company. Park West Asset Management LLC purchased a new stake in Academy Sports and Outdoors during Q3, valued at approximately $40,020,000. HighTower Advisors LLC increased its holdings of Academy Sports and Outdoors stock by 472.8% in the third quarter. HighTower Advisors LLC now owns 306,000 shares of the company valued at $12,245,000 after purchasing an additional 252,576 shares last quarter. Morgan Stanley increased its holdings of Academy Sports and Outdoors stock by 64.3% in the third quarter. Morgan Stanley now owns 2,803,273 shares of the company valued at $112,187,000 after buying an additional 1,096,886 shares last quarter. UBS Asset Management Americas Inc. increased its holdings in Academy Sports and Outdoors shares by 195.9% in the third quarter. UBS Asset Management Americas Inc. now owns 49,204 shares of the company valued at $1,969,000 after purchasing an additional 32,574 shares last quarter. Finally, Vident Investment Advisory LLC bought a new position in shares of Academy Sports and Outdoors in the third quarter worth $2,262,000.
Company Profile Academy Sports and Outdoors (Get a rating)
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a retailer of sporting goods and outdoor recreation products in the United States. The company sells coolers and glasses, camping accessories, camping gear, sunglasses, backpacks and sports bags. marine equipment and fishing rods, reels, bait and equipment; firearms, ammunition, archery and archery equipment, camouflage clothing, waders, shooting accessories, optics, airguns and hunting equipment; baseball, football, basketball, soccer, golf, racquet sports, volleyball, fitness equipment, fitness accessories and nutrition; and patio equipment, outdoor kitchen, rolling items, trampolines, playsets, water sports, pet gear, electronics and watches.
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