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

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) had its price objective hoisted by equities researchers at Wedbush from $68.00 to $73.00 in a note issued to investors on Friday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s target price would indicate a potential upside of 15.31% from the stock’s current price.

Several other equities analysts have also recently commented on ASO. Jefferies Financial Group initiated coverage on Academy Sports and Outdoors in a research note on Tuesday, March 14th. They set a “buy” rating and a $73.00 target price for the company. Guggenheim increased their target price on Academy Sports and Outdoors to $63.00 in a research note on Monday, December 12th. Oppenheimer increased their target price on Academy Sports and Outdoors from $75.00 to $85.00 and gave the company an “outperform” 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 company an “overweight” rating in a research note on Thursday, December 8th. Finally, Stephens raised their price objective on Academy Sports and Outdoors from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, December 8th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.21.

Academy Sports and Outdoors Stock Down 2.5 %

Shares of NASDAQ:ASO opened at $63.31 on Friday. The company has a market capitalization of $4.95 billion, a price-to-earnings 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. The company has a 50 day moving average of $58.47 and a two-hundred day moving average of $51.38. Academy Sports and Outdoors has a 52-week low of $25.10 and a 52-week high of $67.70.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, SVP Manish Maini sold 102,328 shares of the firm’s stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $58.04, for a total transaction of $5,939,117.12. Following the transaction, the senior vice president now directly owns 103,929 shares of the company’s stock, valued at $6,032,039.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 148,059 shares of company stock worth $8,428,292. 3.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASO. Key Colony Management LLC acquired a new position in Academy Sports and Outdoors during the third quarter worth about $2,109,000. Martingale Asset Management L P acquired a new position in Academy Sports and Outdoors during the second quarter worth about $868,000. Russell Investments Group Ltd. grew its holdings in Academy Sports and Outdoors by 31.9% during the third quarter. Russell Investments Group Ltd. now owns 107,745 shares of the company’s stock worth $4,542,000 after acquiring an additional 26,062 shares during the period. AlphaCrest Capital Management LLC acquired a new position in Academy Sports and Outdoors during the second quarter worth about $307,000. Finally, King Luther Capital Management Corp grew its holdings in Academy Sports and Outdoors by 384.7% during the second quarter. King Luther Capital Management Corp now owns 863,055 shares of the company’s stock worth $30,673,000 after acquiring an additional 685,005 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

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.