Analysts Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) PT at $61.67

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet 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 %

ASO opened at $56.34 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. Academy Sports and Outdoors has a 12 month low of $44.73 and a 12 month high of $75.73. The stock has a market capitalization of $3.91 billion, a P/E ratio of 9.25, a P/E/G ratio of 1.23 and a beta of 1.25. The business has a 50 day simple moving average of $53.57 and a 200-day simple moving average of $54.00.

Academy Sports and Outdoors (NASDAQ:ASOGet 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

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

Receive News & Ratings for Academy Sports and Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Academy Sports and Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.