Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) had its price objective lifted by research analysts at Guggenheim to $63.00 in a note issued to investors on Monday, Stock Target Advisor reports. Guggenheim’s price objective indicates a potential upside of 15.64% from the stock’s current price.

Other research analysts have also issued reports about the company. Stephens raised their price target on Academy Sports and Outdoors from $76.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday. Oppenheimer raised their target price on Academy Sports and Outdoors from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, September 8th. The Goldman Sachs Group boosted their price target on shares of Academy Sports and Outdoors from $53.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley raised their price objective on shares of Academy Sports and Outdoors from $50.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, September 8th. Finally, Loop Capital upped their target price on shares of Academy Sports and Outdoors from $60.00 to $65.00 in a research note on Thursday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.36.

Academy Sports and Outdoors Trading Up 0.1 %

Shares of NASDAQ:ASO traded up $0.03 during mid-day trading on Monday, reaching $54.48. 17,914 shares of the company were exchanged, compared to its average volume of 2,315,176. Academy Sports and Outdoors has a 1 year low of $25.10 and a 1 year high of $57.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 0.32. The firm’s 50-day simple moving average is $46.44 and its 200 day simple moving average is $43.17. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 7.64, a P/E/G ratio of 0.73 and a beta of 1.20.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, EVP Samuel J. Johnson sold 112,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $48.46, for a total transaction of $5,427,520.00. Following the sale, the executive vice president now owns 132,539 shares of the company’s stock, valued at $6,422,839.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Samuel J. Johnson sold 112,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $48.46, for a total value of $5,427,520.00. Following the completion of the sale, the executive vice president now directly owns 132,539 shares of the company’s stock, valued at approximately $6,422,839.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sherry L. Harriman sold 11,686 shares of the business’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $55.26, for a total value of $645,768.36. Following the completion of the sale, the senior vice president now owns 1,990 shares of the company’s stock, valued at approximately $109,967.40. The disclosure for this sale can be found here. Insiders sold 211,101 shares of company stock valued at $10,842,288 over the last three months. 3.51% of the stock is owned by corporate insiders.

Institutional Trading of Academy Sports and Outdoors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. increased its holdings in shares of Academy Sports and Outdoors by 5.0% in the third 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. Envestnet Asset Management Inc. grew its position in Academy Sports and Outdoors by 1.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 17,774 shares of the company’s stock valued at $750,000 after buying an additional 302 shares during the last quarter. Captrust Financial Advisors increased its stake in Academy Sports and Outdoors by 55.0% in the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after buying an additional 357 shares during the period. Amalgamated Bank raised its position in Academy Sports and Outdoors by 0.9% during the 3rd quarter. Amalgamated Bank now owns 38,558 shares of the company’s stock worth $1,626,000 after buying an additional 361 shares during the last quarter. Finally, Western Wealth Management LLC lifted its stake in shares of Academy Sports and Outdoors by 5.6% in the 3rd quarter. Western Wealth Management LLC now owns 7,400 shares of the company’s stock worth $314,000 after acquiring an additional 394 shares during the period. 98.01% of the stock is owned by hedge funds and other institutional investors.

Academy Sports and Outdoors Company Profile

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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.

Further Reading

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Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

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