Loop Capital Increases Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $73.00

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) had its target price lifted by stock analysts at Loop Capital from $65.00 to $73.00 in a research note issued on Friday, The Fly reports. Loop Capital’s price target indicates a potential upside of 15.31% from the stock’s current price.

Several other research firms have also issued reports on ASO. UBS Group increased their target price on Academy Sports and Outdoors from $60.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, December 8th. Guggenheim increased their target price on Academy Sports and Outdoors to $63.00 in a research note on Monday, December 12th. Morgan Stanley increased their target price on Academy Sports and Outdoors from $58.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday. Wells Fargo & Company increased their target price on Academy Sports and Outdoors from $56.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, December 8th. Finally, Oppenheimer increased their target price on Academy Sports and Outdoors from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.21.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $63.31 on Friday. Academy Sports and Outdoors has a 52 week low of $25.10 and a 52 week high of $67.70. The business’s fifty day simple moving average is $58.47 and its 200-day simple moving average is $51.38. The firm has a market cap of $4.95 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.44.

Insiders Place Their Bets

In related news, SVP Manish Maini sold 102,328 shares of the business’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $58.04, for a total value of $5,939,117.12. Following the transaction, the senior vice president now owns 103,929 shares in the company, valued at $6,032,039.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 148,059 shares of company stock worth $8,428,292 over the last quarter. 3.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASO. Centaurus Financial Inc. raised its stake in Academy Sports and Outdoors by 5.0% during the 3rd quarter. Centaurus Financial Inc. now owns 5,300 shares of the company’s stock valued at $224,000 after purchasing an additional 250 shares during the period. Meritage Portfolio Management lifted its stake in shares of Academy Sports and Outdoors by 3.6% in the fourth quarter. Meritage Portfolio Management now owns 7,309 shares of the company’s stock valued at $384,000 after buying an additional 251 shares during the period. Envestnet Asset Management Inc. lifted its stake in Academy Sports and Outdoors by 1.7% during the third quarter. Envestnet Asset Management Inc. now owns 17,774 shares of the company’s stock worth $750,000 after purchasing an additional 302 shares during the period. Captrust Financial Advisors lifted its stake in Academy Sports and Outdoors by 55.0% during the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock worth $40,000 after purchasing an additional 357 shares during the period. Finally, Amalgamated Bank lifted its stake in Academy Sports and Outdoors by 0.9% during the third quarter. Amalgamated Bank now owns 38,558 shares of the company’s stock worth $1,626,000 after purchasing an additional 361 shares during the period. 94.63% of the stock is owned by institutional investors.

About Academy Sports and Outdoors

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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.