Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $62.50 Consensus Price Target from Brokerages

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $62.50.

Several brokerages recently issued reports on ASO. Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and lowered their price objective for the company from $65.00 to $60.00 in a research report on Thursday, October 3rd. Truist Financial raised their target price on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Wells Fargo & Company increased their price target on 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. Finally, Loop Capital restated a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $50.00 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. Academy Sports and Outdoors has a 1 year low of $44.56 and a 1 year high of $75.73. The firm’s 50-day simple moving average is $55.32 and its 200-day simple moving average is $54.57. The firm has a market cap of $3.52 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.07. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. Academy Sports and Outdoors’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 posted $2.01 earnings per share. Equities analysts forecast that Academy Sports and Outdoors will post 6.02 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.88%. Academy Sports and Outdoors’s dividend payout ratio is presently 6.79%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 8,906 shares in the company, valued at $552,172. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.19% of the stock is owned by insiders.

Institutional Trading of Academy Sports and Outdoors

Several institutional investors have recently modified their holdings of ASO. Cerity Partners LLC grew its stake in shares of Academy Sports and Outdoors by 127.8% in the 3rd quarter. Cerity Partners LLC now owns 116,264 shares of the company’s stock worth $6,785,000 after purchasing an additional 65,220 shares during the last quarter. Citigroup Inc. grew its position in Academy Sports and Outdoors by 66.4% in the third quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock worth $5,582,000 after buying an additional 38,155 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Academy Sports and Outdoors by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 751,043 shares of the company’s stock worth $43,831,000 after buying an additional 8,613 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Academy Sports and Outdoors in the third quarter valued at $5,165,000. Finally, Intech Investment Management LLC bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth $1,167,000.

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.