Wells Fargo & Company Lowers Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $80.00

Academy Sports and Outdoors (NASDAQ:ASO) had its target price decreased by research analysts at Wells Fargo & Company from $83.00 to $80.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 31.75% from the company’s previous close.

Other analysts also recently issued reports about the company. B. Riley reiterated a “buy” rating and set a $72.00 price target (up from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. TD Cowen decreased their price target on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Evercore ISI cut their price objective on shares of Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Wedbush reissued an “outperform” rating and set a $80.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. Finally, Robert W. Baird increased their price objective on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.82.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $60.72 on Thursday. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $66.19 and a two-hundred day moving average price of $59.90. Academy Sports and Outdoors has a 1-year low of $42.83 and a 1-year high of $75.73. The company has a market cap of $4.48 billion, a P/E ratio of 9.04, a PEG ratio of 0.86 and a beta of 1.35.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the sale, the director now owns 7,870 shares in the company, valued at approximately $472,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASO. Trust Investment Advisors increased its stake in shares of Academy Sports and Outdoors by 1.2% during the 4th quarter. Trust Investment Advisors now owns 14,792 shares of the company’s stock worth $976,000 after purchasing an additional 172 shares during the last quarter. Meritage Portfolio Management increased its stake in shares of Academy Sports and Outdoors by 2.1% during the 4th quarter. Meritage Portfolio Management now owns 8,337 shares of the company’s stock worth $550,000 after purchasing an additional 174 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 14.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock worth $93,000 after purchasing an additional 245 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Academy Sports and Outdoors by 4.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 5,980 shares of the company’s stock worth $395,000 after purchasing an additional 265 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Academy Sports and Outdoors by 1.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 28,410 shares of the company’s stock worth $1,875,000 after purchasing an additional 276 shares during the last quarter.

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.