Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Average Recommendation of “Moderate Buy” by Brokerages

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has received an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $62.86.

A number of research analysts have weighed in on the stock. Jefferies Financial Group decreased their target price on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Robert W. Baird lowered their price objective on Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. UBS Group downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their target price for the stock from $81.00 to $58.00 in a research note on Wednesday, June 12th. Loop Capital reissued a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company raised their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th.

Academy Sports and Outdoors Stock Down 2.4 %

Shares of ASO opened at $60.34 on Friday. The stock has a 50 day moving average price of $54.43 and a 200 day moving average price of $57.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.94 and a beta of 1.34. Academy Sports and Outdoors has a one year low of $42.83 and a one year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.01 earnings per share. Equities research analysts forecast that Academy Sports and Outdoors will post 6.25 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.73%.

Insider Activity

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total value of $33,906.25. Following the completion of the transaction, the director now directly owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the completion of the transaction, the director now owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the sale, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. The disclosure for this sale can be found here. Insiders own 2.19% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Academy Sports and Outdoors in the second quarter valued at $130,000. Sanctuary Advisors LLC acquired a new stake in shares of Academy Sports and Outdoors during the 2nd quarter worth about $294,000. Truist Financial Corp lifted its stake in Academy Sports and Outdoors by 45.4% during the second quarter. Truist Financial Corp now owns 7,495 shares of the company’s stock worth $399,000 after purchasing an additional 2,342 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Academy Sports and Outdoors by 7.4% in the second quarter. Sunbelt Securities Inc. now owns 7,653 shares of the company’s stock valued at $408,000 after purchasing an additional 525 shares during the last quarter. Finally, Impala Asset Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the 2nd quarter worth approximately $3,728,000.

About Academy Sports and Outdoors

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.