UBS Group Issues Pessimistic Forecast for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its price target reduced by UBS Group from $58.00 to $55.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 18.93% from the stock’s current price.

Several other research analysts also recently commented on the company. Wedbush reissued an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Robert W. Baird reduced their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. TD Cowen upped 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 note on Wednesday, January 8th. Truist Financial increased 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 report on Wednesday, December 11th. Finally, Citigroup lowered their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.13.

Academy Sports and Outdoors Trading Down 1.0 %

Shares of Academy Sports and Outdoors stock opened at $46.24 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $72.35. The firm has a market capitalization of $3.21 billion, a PE ratio of 7.60, a P/E/G ratio of 1.02 and a beta of 1.25. The firm’s 50-day moving average price is $51.98 and its 200 day moving average price is $53.36.

Institutional Trading of Academy Sports and Outdoors

Several institutional investors have recently added to or reduced their stakes in ASO. FMR LLC boosted its position in shares of Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after buying an additional 1,422,971 shares during the period. William Blair Investment Management LLC purchased a new position in Academy Sports and Outdoors during the 4th quarter valued at about $52,402,000. Norges Bank acquired a new position in Academy Sports and Outdoors in the 4th quarter valued at about $47,436,000. Stephens Investment Management Group LLC grew its position in Academy Sports and Outdoors by 331.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock valued at $55,210,000 after acquiring an additional 737,212 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $42,320,000.

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.