Citigroup Issues Pessimistic Forecast for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its price target reduced by research analysts at Citigroup from $65.00 to $60.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 29.89% from the company’s current price.

Several other research analysts have also recently weighed in on the company. TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Wedbush reissued an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Telsey Advisory Group reissued an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday. Robert W. Baird reduced their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Finally, Truist Financial increased their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.33.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO traded up $1.09 on Monday, reaching $46.19. 986,483 shares of the company’s stock traded hands, compared to its average volume of 1,527,313. The stock has a 50 day moving average price of $52.18 and a 200-day moving average price of $53.42. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 1.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors has a fifty-two week low of $43.16 and a fifty-two week high of $72.43.

Hedge Funds Weigh In On Academy Sports and Outdoors

Hedge funds and other institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth $5,520,000. Mackenzie Financial Corp boosted its position in shares of Academy Sports and Outdoors by 395.5% during the 4th quarter. Mackenzie Financial Corp now owns 23,153 shares of the company’s stock worth $1,332,000 after purchasing an additional 18,480 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth $3,581,000. CSS LLC IL boosted its position in shares of Academy Sports and Outdoors by 52.2% during the 4th quarter. CSS LLC IL now owns 7,610 shares of the company’s stock worth $438,000 after purchasing an additional 2,610 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Academy Sports and Outdoors by 15.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 154,257 shares of the company’s stock worth $8,874,000 after buying an additional 20,903 shares in 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.