Barclays Begins Coverage on Academy Sports and Outdoors (NASDAQ:ASO)

Key Points

• Academy Sports and Outdoors has been upgraded to a "hold" rating by Barclays, indicating a shift in investor sentiment towards the company's stock.
• A number of other ratings have been issued for the stock, with nine analysts rating it as a buy and ten giving it a hold rating, reflecting a moderate outlook in the market.
• The stock currently has a consensus price target of **$58.11**, showing potential for growth from its current trading price of **$52.29**.

Research analysts at Barclays started coverage on shares of Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set an "equal weight" rating and a $51.00 price target on the stock. Barclays's price target points to a potential downside of 2.47% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Loop Capital set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, July 21st. Bank of America reduced their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Guggenheim restated a "buy" rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, September 8th. Monness Crespi & Hardt assumed 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 target price for the company. Finally, Cowen reiterated a "hold" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $58.11.

Academy Sports and Outdoors Trading Up 4.5%

Academy Sports and Outdoors stock opened at $52.29 on Tuesday. The firm has a 50-day moving average of $51.03 and a 200-day moving average of $46.28. Academy Sports and Outdoors has a one year low of $33.34 and a one year high of $61.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 1.00 and a beta of 1.28.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Academy Sports and Outdoors by 10,181.5% during the first quarter. GAMMA Investing LLC now owns 127,799 shares of the company's stock worth $5,829,000 after purchasing an additional 126,556 shares during the period. Washington Capital Management Inc. increased its holdings in shares of Academy Sports and Outdoors by 21.0% during the first quarter. Washington Capital Management Inc. now owns 12,100 shares of the company's stock worth $552,000 after purchasing an additional 2,100 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Academy Sports and Outdoors by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company's stock worth $678,000 after purchasing an additional 275 shares during the period. Mission Wealth Management LP increased its holdings in shares of Academy Sports and Outdoors by 13.3% during the first quarter. Mission Wealth Management LP now owns 5,110 shares of the company's stock worth $233,000 after purchasing an additional 600 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Academy Sports and Outdoors by 203.0% during the first quarter. Blue Trust Inc. now owns 2,121 shares of the company's stock worth $97,000 after purchasing an additional 1,421 shares during the period.

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.