Evercore ISI Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $70.00

Academy Sports and Outdoors (NASDAQ:ASO) had its target price reduced by equities researchers at Evercore ISI from $75.00 to $70.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s target price indicates a potential upside of 21.42% from the company’s previous close.

A number of other research firms have also recently weighed in on ASO. Morgan Stanley lowered their price target on Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, March 22nd. Jefferies Financial Group started coverage on Academy Sports and Outdoors in a research note on Friday, April 12th. They set a “buy” rating and a $85.00 target price on the stock. Wells Fargo & Company decreased their target price on Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. TD Cowen decreased their target price on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Finally, Truist Financial reissued a “buy” rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $57.65 on Tuesday. The stock has a market cap of $4.29 billion, a PE ratio of 8.58, a P/E/G ratio of 0.87 and a beta of 1.35. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $42.83 and a twelve month high of $75.73. The stock has a fifty day simple moving average of $67.58 and a 200-day simple moving average of $59.31.

Institutional Investors Weigh In On Academy Sports and Outdoors

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth about $26,000. Advisory Services Network LLC raised its position in shares of Academy Sports and Outdoors by 139.2% during the 1st quarter. Advisory Services Network LLC now owns 421 shares of the company’s stock worth $27,000 after acquiring an additional 245 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Academy Sports and Outdoors by 55.0% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock worth $40,000 after acquiring an additional 357 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors during the 1st quarter worth about $68,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Academy Sports and Outdoors by 517.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after acquiring an additional 880 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.