In a report released today, Seth Basham from Wedbush initiated coverage with a Buy rating on Academy Sports and Outdoors (ASO – Research Report) and a price target of $80.00. The company’s shares closed yesterday at $64.43.
According to TipRanks, Basham is a 5-star analyst with an average return of 12.4% and a 52.60% success rate. Basham covers the Consumer Cyclical sector, focusing on stocks such as Williams-Sonoma, AutoZone, and Best Buy Co.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Academy Sports and Outdoors with a $78.86 average price target, implying a 22.40% upside from current levels. In a report released today, TD Cowen also assigned a Buy rating to the stock with a $82.00 price target.
ASO market cap is currently $5.28B and has a P/E ratio of 11.00.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ASO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Academy Sports and Outdoors (ASO) Company Description:
Operating a chain of sporting goods stores, Academy Sports and Outdoors offers a broad range of hunting, fishing and camping equipment as well as sports and leisure products.
Read More on ASO:
- ASO Earnings: Academy Sports and Outdoors Slides on Q4 Miss
- Academy Sports Q4 Supplemental Presentation Released
- Academy Sports sees 2024 EPS $5.90-$6.90 vs. $6.70 last year
- Academy Sports board increases quarterly dividend 22% to 11c per share
- Academy Sports reports Q4 adjusted EPS $2.21, consensus $2.30
