Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $61.67 Average Target Price from Brokerages

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has received a consensus recommendation of “Hold” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $61.67.

A number of research firms have issued reports on ASO. Telsey Advisory Group reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Citigroup began coverage on Academy Sports and Outdoors in a research note on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective on the stock. Evercore ISI downgraded Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. TD Cowen lifted their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird reduced their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several hedge funds have recently bought and sold shares of ASO. CWM LLC lifted its holdings in shares of Academy Sports and Outdoors by 4.6% in the 3rd quarter. CWM LLC now owns 4,480 shares of the company’s stock worth $261,000 after buying an additional 196 shares during the period. Simmons Bank lifted its holdings in shares of Academy Sports and Outdoors by 1.9% in the 3rd quarter. Simmons Bank now owns 10,860 shares of the company’s stock worth $634,000 after buying an additional 200 shares during the period. Daymark Wealth Partners LLC lifted its holdings in shares of Academy Sports and Outdoors by 1.3% in the 3rd quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company’s stock worth $899,000 after buying an additional 203 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Academy Sports and Outdoors by 6.2% in the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company’s stock worth $324,000 after buying an additional 323 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Academy Sports and Outdoors by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after buying an additional 334 shares during the period.

Academy Sports and Outdoors Stock Down 1.1 %

NASDAQ ASO opened at $55.22 on Friday. The stock’s 50 day moving average is $53.75 and its 200 day moving average is $54.03. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 12 month low of $44.73 and a 12 month high of $75.73. The stock has a market cap of $3.83 billion, a PE ratio of 9.07, a P/E/G ratio of 1.23 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last posted 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). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm posted $1.38 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. Research analysts predict that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 7.22%.

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.