UBS Group Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $55.00

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

Several other research firms also recently weighed in on ASO. Truist Financial lifted their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Citigroup dropped their price target 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. Robert W. Baird decreased their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. TD Cowen increased their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, Wedbush reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Eight 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, the company presently has a consensus rating of “Hold” and an average price target of $61.13.

Academy Sports and Outdoors Trading Down 1.0 %

NASDAQ ASO opened at $46.24 on Tuesday. Academy Sports and Outdoors has a 12 month low of $43.16 and a 12 month high of $72.35. The company’s 50-day moving average price is $51.98 and its 200-day moving average price is $53.36. The stock has a market cap of $3.21 billion, a PE ratio of 7.60, a PEG ratio of 1.02 and a beta of 1.25. 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 Investors Weigh In On Academy Sports and Outdoors

Several hedge funds have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC purchased a new stake in shares of Academy Sports and Outdoors in the third quarter worth about $40,000. AlphaQuest LLC increased its holdings in shares of Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Academy Sports and Outdoors by 1,307.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after purchasing an additional 915 shares during the period. LGT Financial Advisors LLC boosted its holdings 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 buying an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position 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 valued at $69,000 after buying an additional 843 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.