Academy Sports and Outdoors (NASDAQ:ASO) Given New $54.00 Price Target at JPMorgan Chase & Co.

Academy Sports and Outdoors (NASDAQ:ASO) had its price target hoisted by JPMorgan Chase & Co. from $52.00 to $54.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on ASO. B. Riley cut their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday. Citigroup lowered their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Wedbush lowered their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday. TD Cowen increased their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley lowered their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $60.38.

Academy Sports and Outdoors Trading Down 0.4 %

Shares of ASO opened at $47.23 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 1 year low of $43.16 and a 1 year high of $68.96. The company has a 50 day simple moving average of $51.09 and a two-hundred day simple moving average of $53.15. The firm has a market cap of $3.28 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the firm posted $2.21 EPS. The company’s revenue was down 6.6% on a year-over-year basis. On average, equities analysts expect that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

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. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase 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 1.10%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 8.54%.

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC bought a new stake in Academy Sports and Outdoors in the third quarter worth $40,000. AlphaQuest LLC lifted its position in shares of Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after purchasing an additional 496 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after purchasing an additional 915 shares during the last quarter. LGT Financial Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position 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 worth $69,000 after purchasing an additional 843 shares during the last quarter.

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.