Academy Sports and Outdoors (NASDAQ:ASO) PT Lowered to $70.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price target decreased by equities research analysts at Evercore ISI from $75.00 to $70.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price objective points to a potential upside of 21.42% from the stock’s previous close.

ASO has been the subject of several other reports. Morgan Stanley decreased their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. JPMorgan Chase & Co. lifted their target price on Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Robert W. Baird lifted their target price on Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. B. Riley restated a “buy” rating and issued a $72.00 price objective (up from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. Finally, Truist Financial restated a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.00.

Academy Sports and Outdoors Stock Down 2.9 %

NASDAQ:ASO opened at $57.65 on Tuesday. Academy Sports and Outdoors has a twelve month low of $42.83 and a twelve month high of $75.73. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 0.87 and a beta of 1.35. The stock has a fifty day simple moving average of $67.58 and a 200-day simple moving average of $59.31. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Academy Sports and Outdoors

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in Academy Sports and Outdoors by 23.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 370,715 shares of the company’s stock valued at $24,467,000 after purchasing an additional 70,438 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $1,842,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $25,933,000. Verity Asset Management Inc. grew its stake in shares of Academy Sports and Outdoors by 53.2% during the third quarter. Verity Asset Management Inc. now owns 23,958 shares of the company’s stock worth $1,132,000 after acquiring an additional 8,316 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Academy Sports and Outdoors by 19.2% during the third quarter. AQR Capital Management LLC now owns 116,400 shares of the company’s stock worth $5,502,000 after acquiring an additional 18,736 shares during the last quarter.

Academy Sports and Outdoors Company Profile

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.