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:ASOFree Report) 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.

Check Out Our Latest Stock Report on ASO

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

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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.

Further Reading

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

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