Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Free Report) have received a consensus rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $61.67.
ASO has been the subject of several analyst reports. 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 report on Thursday, December 5th. Citigroup assumed coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price on the stock. TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Truist Financial upped their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Finally, 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 report on Thursday, October 3rd.
Get Our Latest Analysis on Academy Sports and Outdoors
Academy Sports and Outdoors Stock Up 1.6 %
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last posted its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS. On average, equities analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.
Academy Sports and Outdoors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 7.22%.
Hedge Funds Weigh In On Academy Sports and Outdoors
A number of large investors have recently bought and sold shares of ASO. Hodges Capital Management Inc. lifted its stake in Academy Sports and Outdoors by 54.3% in the fourth quarter. Hodges Capital Management Inc. now owns 390,144 shares of the company’s stock valued at $22,445,000 after buying an additional 137,321 shares during the last quarter. Foster & Motley Inc. boosted its stake in Academy Sports and Outdoors by 18.2% during the 4th quarter. Foster & Motley Inc. now owns 23,080 shares of the company’s stock valued at $1,328,000 after purchasing an additional 3,550 shares during the period. Pacer Advisors Inc. grew its position in Academy Sports and Outdoors by 8.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock worth $152,413,000 after purchasing an additional 197,384 shares during the last quarter. Hunter Perkins Capital Management LLC increased its stake in shares of Academy Sports and Outdoors by 150.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 57,886 shares of the company’s stock valued at $3,332,000 after purchasing an additional 34,731 shares during the period. Finally, KBC Group NV raised its holdings in shares of Academy Sports and Outdoors by 88.4% during the fourth quarter. KBC Group NV now owns 3,926 shares of the company’s stock valued at $226,000 after buying an additional 1,842 shares during the last quarter.
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.
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