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Academy Sports and Outdoors (ASO) Gets a Buy Rating from Wells Fargo

Wells Fargo analyst Kate Fitzsimons maintained a Buy rating on Academy Sports and Outdoors (ASOResearch Report) today and set a price target of $58.00. The company’s shares closed last Wednesday at $37.55.

According to TipRanks.com, Fitzsimons is a 4-star analyst with an average return of 7.6% and a 55.0% success rate. Fitzsimons covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Under Armour, and Nike.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Academy Sports and Outdoors with a $55.33 average price target, a 46.6% upside from current levels. In a report issued on March 21, J.P. Morgan also maintained a Buy rating on the stock with a $58.00 price target.

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The company has a one-year high of $51.08 and a one-year low of $22.79. Currently, Academy Sports and Outdoors has an average volume of 2.77M.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.

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:

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