Telsey Advisory Group Reaffirms “Outperform” Rating for Academy Sports and Outdoors (NASDAQ:ASO)

Academy Sports and Outdoors (NASDAQ:ASO)‘s stock had its “outperform” rating restated by stock analysts at Telsey Advisory Group in a research report issued on Monday,Benzinga reports. They currently have a $60.00 target price on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 33.04% from the stock’s current price.

A number of other research analysts have also recently issued reports on ASO. Robert W. Baird reduced their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Wedbush restated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Citigroup began coverage on Academy Sports and Outdoors in a research note on Wednesday, December 18th. They set a “buy” rating and a $65.00 price objective for the company. Truist Financial lifted their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Finally, TD Cowen increased 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. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock opened at $45.10 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors has a 52-week low of $43.16 and a 52-week high of $72.43. The company has a fifty day moving average of $52.18 and a 200-day moving average of $53.42. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its position in shares of 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 during the last quarter. William Blair Investment Management LLC purchased a new position in Academy Sports and Outdoors in the fourth quarter worth about $52,402,000. Norges Bank bought a new position in shares of Academy Sports and Outdoors in the fourth quarter worth approximately $47,436,000. Stephens Investment Management Group LLC grew its holdings in shares of Academy Sports and Outdoors by 331.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock valued at $55,210,000 after buying an additional 737,212 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new stake in shares of Academy Sports and Outdoors during the fourth quarter valued at approximately $42,320,000.

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.