Academy Sports and Outdoors’ (ASO) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research report report published on Monday,Benzinga reports. They currently have a $60.00 target price on the stock.

ASO has been the subject of several other reports. Robert W. Baird decreased their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Citigroup initiated coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price for the company. TD Cowen increased their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Finally, Truist Financial increased their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Hold” and an average price target of $61.33.

Academy Sports and Outdoors Stock Up 3.6 %

NASDAQ ASO opened at $46.72 on Monday. Academy Sports and Outdoors has a 12 month low of $43.16 and a 12 month high of $72.43. The company’s 50 day simple moving average is $51.98 and its 200 day simple moving average is $53.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The company has a market capitalization of $3.24 billion, a P/E ratio of 7.67, a PEG ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be given a $0.13 dividend. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio is presently 8.54%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several large investors have recently made changes to their positions in the business. TD Private Client Wealth LLC bought a new position in Academy Sports and Outdoors in the 3rd quarter worth about $40,000. AlphaQuest LLC lifted its position in Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after purchasing an additional 496 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after purchasing an additional 915 shares during the last quarter. LGT Financial Advisors LLC lifted its position in Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Academy Sports and Outdoors by 242.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after buying an additional 843 shares during the period.

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.