Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $62.50 Average Target Price from Analysts

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $62.50.

ASO has been the subject of several recent research reports. Loop Capital reissued a “buy” rating and issued a $77.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Wells Fargo & Company raised their price objective on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Jefferies Financial Group reduced their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Truist Financial raised their target price on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the sale, the director now owns 8,906 shares in the company, valued at approximately $552,172. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several hedge funds have recently added to or reduced their stakes in ASO. Raymond James & Associates lifted its holdings in Academy Sports and Outdoors by 2.3% in the third quarter. Raymond James & Associates now owns 40,116 shares of the company’s stock valued at $2,341,000 after buying an additional 892 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at $40,000. AlphaMark Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 18.5% in the 3rd quarter. AlphaMark Advisors LLC now owns 6,414 shares of the company’s stock valued at $374,000 after purchasing an additional 1,002 shares during the period. Hunter Perkins Capital Management LLC boosted its position in shares of Academy Sports and Outdoors by 24.3% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 23,155 shares of the company’s stock worth $1,351,000 after purchasing an additional 4,520 shares during the last quarter. Finally, Creative Planning grew its stake in shares of Academy Sports and Outdoors by 49.3% during the third quarter. Creative Planning now owns 23,196 shares of the company’s stock worth $1,354,000 after purchasing an additional 7,657 shares during the period.

Academy Sports and Outdoors Stock Up 1.3 %

NASDAQ:ASO opened at $56.09 on Wednesday. The business’s fifty day moving average price is $55.92 and its 200 day moving average price is $55.50. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.04 and a beta of 1.34. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 1-year low of $43.07 and a 1-year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm posted $2.01 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts forecast that Academy Sports and Outdoors will post 6.03 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.44 annualized dividend and a yield of 0.78%. Academy Sports and Outdoors’s dividend payout ratio is 6.73%.

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.