Academy Sports and Outdoors (NASDAQ:ASO) Price Target Cut to $80.00 by Analysts at Wells Fargo & Company

Academy Sports and Outdoors (NASDAQ:ASO) had its price target reduced by Wells Fargo & Company from $83.00 to $80.00 in a research note released on Thursday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on ASO. Robert W. Baird lifted their target price on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an outperform rating in a report on Friday, March 22nd. Jefferies Financial Group began coverage on shares of Academy Sports and Outdoors in a report on Friday, April 12th. They issued a buy rating and a $85.00 target price for the company. TD Cowen decreased their price objective on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an outperform rating for the company in a report on Friday, March 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an overweight rating in a report on Wednesday, March 20th. Finally, Wedbush reissued an outperform rating and set a $80.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $73.82.

Academy Sports and Outdoors Stock Up 0.0 %

Shares of Academy Sports and Outdoors stock opened at $59.07 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. The stock has a market capitalization of $4.36 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. Academy Sports and Outdoors has a 52-week low of $42.83 and a 52-week high of $75.73. The company has a 50-day simple moving average of $66.36 and a two-hundred day simple moving average of $59.78.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were given a $0.11 dividend. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, March 25th. Academy Sports and Outdoors’s dividend payout ratio is presently 6.55%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the transaction, the director now directly owns 7,870 shares in the company, valued at $472,200. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.56% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Academy Sports and Outdoors by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,655,894 shares of the company’s stock worth $175,290,000 after acquiring an additional 80,218 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Academy Sports and Outdoors by 36.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock worth $137,878,000 after acquiring an additional 559,414 shares during the last quarter. LSV Asset Management boosted its position in shares of Academy Sports and Outdoors by 28.4% during the fourth quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock worth $109,068,000 after acquiring an additional 365,855 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of Academy Sports and Outdoors by 0.7% during the fourth quarter. King Luther Capital Management Corp now owns 1,552,823 shares of the company’s stock worth $102,486,000 after acquiring an additional 10,900 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Academy Sports and Outdoors by 20.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock worth $66,725,000 after acquiring an additional 172,783 shares during the last quarter.

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.