Academy Sports and Outdoors (NASDAQ:ASO) Price Target Cut to $55.00 by Analysts at UBS Group

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective reduced by analysts at UBS Group from $58.00 to $55.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 15.62% from the stock’s current price.

Several other research firms have also issued reports on ASO. Truist Financial upped 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. Robert W. Baird reduced their price objective 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. Wedbush reaffirmed 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 cut their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.13.

Academy Sports and Outdoors Trading Up 2.5 %

Shares of Academy Sports and Outdoors stock opened at $47.57 on Tuesday. The company has a market capitalization of $3.30 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The stock has a fifty day simple moving average of $51.53 and a 200 day simple moving average of $53.26. Academy Sports and Outdoors has a 12-month low of $43.16 and a 12-month high of $72.16. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. increased its position in shares of Academy Sports and Outdoors by 3.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company’s stock valued at $378,000 after buying an additional 210 shares during the period. Nichols & Pratt Advisers LLP MA grew its stake in Academy Sports and Outdoors by 4.7% during the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company’s stock valued at $322,000 after acquiring an additional 250 shares in the last quarter. Xponance Inc. increased its holdings in Academy Sports and Outdoors by 5.7% during the 4th quarter. Xponance Inc. now owns 4,916 shares of the company’s stock worth $283,000 after acquiring an additional 266 shares during the period. HighTower Advisors LLC lifted its stake in Academy Sports and Outdoors by 6.2% in the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company’s stock worth $324,000 after purchasing an additional 323 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Academy Sports and Outdoors by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after purchasing an additional 334 shares during the period.

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.