Academy Sports and Outdoors (NASDAQ:ASO) Given Hold (C) Rating at Weiss Ratings

Key Points

• Academy Sports and Outdoors received a "hold (C)" rating from Weiss Ratings in a recent research report, indicating analysts are recommending a cautious approach.
• Despite a consensus target price of $58.11, the stock currently trades at $52.48, suggesting it is selling at a discount.
• Several institutional investors have increased their stakes significantly in Academy Sports and Outdoors, highlighting confidence in the company's growth potential.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other analysts have also recently weighed in on the stock. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a research note on Monday, August 4th. They issued a "buy" rating and a $65.00 price objective on the stock. Barclays started coverage on shares of Academy Sports and Outdoors in a report on Tuesday, September 30th. They set an "equal weight" rating and a $51.00 price objective on the stock. Bank of America decreased their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Morgan Stanley reduced their price objective on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 11th. Finally, Truist Financial increased their target price on shares of Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $58.11.

Academy Sports and Outdoors Trading Down 0.9%

Shares of Academy Sports and Outdoors stock traded down $0.47 during trading on Wednesday, hitting $52.48. The company's stock had a trading volume of 530,862 shares, compared to its average volume of 1,671,438. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33. Academy Sports and Outdoors has a 52 week low of $33.34 and a 52 week high of $61.25. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.28. The stock has a 50-day moving average price of $50.89 and a two-hundred day moving average price of $46.45.

Institutional Investors 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. Huntington National Bank increased its position in Academy Sports and Outdoors by 214.6% during the 2nd quarter. Huntington National Bank now owns 689 shares of the company's stock valued at $31,000 after purchasing an additional 470 shares during the period. Your Advocates Ltd. LLP increased its position in Academy Sports and Outdoors by 101.5% during the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after purchasing an additional 411 shares during the period. TD Private Client Wealth LLC increased its position in Academy Sports and Outdoors by 45.6% during the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock valued at $53,000 after purchasing an additional 362 shares during the period. EverSource Wealth Advisors LLC increased its position in Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company's stock valued at $62,000 after purchasing an additional 657 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Academy Sports and Outdoors during the 1st quarter valued at about $64,000.

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.

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