Robert W. Baird Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $65.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price target lowered by Robert W. Baird from $68.00 to $65.00 in a research report report published on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities analysts have also commented on ASO. Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. TD Cowen upped their price objective on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, September 11th. Wells Fargo & Company raised their target price on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and cut their price target for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Finally, Jefferies Financial Group decreased their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Hold” and a consensus price target of $61.07.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO opened at $54.31 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 1.06 and a beta of 1.31. The stock’s fifty day moving average price is $51.41 and its two-hundred day moving average price is $53.48. Academy Sports and Outdoors has a one year low of $44.73 and a one year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. Academy Sports and Outdoors’s revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 earnings per share. On average, equities analysts forecast that Academy Sports and Outdoors will post 5.92 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 7.22%.

Insider Buying and Selling

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the transaction, the director now owns 8,906 shares in the company, valued at $552,172. This trade represents a 11.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several large investors have recently modified their holdings of ASO. Harbor Capital Advisors Inc. acquired a new stake in Academy Sports and Outdoors in the third quarter valued at $28,000. V Square Quantitative Management LLC bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $40,000. TD Private Client Wealth LLC acquired a new stake in Academy Sports and Outdoors during the 3rd quarter worth about $40,000. Farther Finance Advisors LLC grew its stake in Academy Sports and Outdoors by 98.4% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after purchasing an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $58,000.

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.