Citigroup Initiates Coverage on Academy Sports and Outdoors (NASDAQ:ASO)

Citigroup started coverage on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a report published on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $65.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. Evercore ISI cut shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and decreased their target price for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. 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. Jefferies Financial Group dropped their target price on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Telsey Advisory Group cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.33.

Academy Sports and Outdoors Trading Up 0.1 %

NASDAQ:ASO opened at $55.64 on Wednesday. Academy Sports and Outdoors has a one year low of $44.73 and a one year high of $75.73. The business has a fifty day moving average price of $51.54 and a 200-day moving average price of $53.43. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company earned $1.38 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Sell-side analysts forecast that Academy Sports and Outdoors will post 5.92 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is 7.22%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new position in Academy Sports and Outdoors in the third quarter worth about $28,000. V Square Quantitative Management LLC purchased a new position in shares of Academy Sports and Outdoors in the 3rd quarter worth approximately $40,000. TD Private Client Wealth LLC bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $40,000. Farther Finance Advisors LLC raised its holdings in Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after buying an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in Academy Sports and Outdoors in the third quarter worth $58,000.

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.