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

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “outperform” rating reiterated by stock analysts at Telsey Advisory Group in a report released on Monday,Benzinga reports. They currently have a $60.00 price objective on the stock. Telsey Advisory Group’s target price suggests a potential upside of 29.34% from the stock’s previous close.

ASO has been the topic of a number of other research reports. Robert W. Baird decreased their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Wedbush restated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Citigroup initiated coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective on the stock. TD Cowen boosted their price objective 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. Finally, Truist Financial boosted their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $61.13.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $46.39 on Monday. The stock has a market cap of $3.22 billion, a PE ratio of 7.62, a PEG ratio of 1.02 and a beta of 1.25. The company’s fifty day moving average is $51.75 and its 200 day moving average is $53.30. Academy Sports and Outdoors has a 52 week low of $43.16 and a 52 week high of $72.35. 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 Investors Weigh In On Academy Sports and Outdoors

Several hedge funds have recently bought and sold shares of ASO. TD Private Client Wealth LLC bought a new stake in Academy Sports and Outdoors during the third quarter worth about $40,000. AlphaQuest LLC boosted its stake in Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after acquiring an additional 496 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after acquiring an additional 915 shares in the last quarter. LGT Financial Advisors LLC boosted its stake in Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Academy Sports and Outdoors by 242.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after acquiring an additional 843 shares in the last quarter.

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.