Academy Sports and Outdoors (NASDAQ:ASO) PT Lowered to $58.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective reduced by TD Cowen from $82.00 to $58.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Telsey Advisory Group reissued an outperform rating and issued a $75.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an overweight rating in a research note on Wednesday, March 20th. Bank of America cut Academy Sports and Outdoors from a buy rating to a neutral rating and cut their target price for the company from $75.00 to $63.00 in a research report on Tuesday. Evercore ISI cut their target price on Academy Sports and Outdoors from $75.00 to $70.00 and set an outperform rating on the stock in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group initiated coverage on Academy Sports and Outdoors in a research report on Friday, April 12th. They set a buy rating and a $85.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $66.27.

Academy Sports and Outdoors Trading Up 0.8 %

Shares of Academy Sports and Outdoors stock opened at $51.79 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.62. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73. The stock has a 50 day moving average price of $56.60 and a two-hundred day moving average price of $62.08. The stock has a market capitalization of $3.74 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 0.86 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business posted $1.19 EPS. The company’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Academy Sports and Outdoors will post 6.61 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Thursday, June 20th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.44 annualized dividend and a yield of 0.85%. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the sale, the director now directly owns 7,870 shares in the company, valued at $472,200. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.19% of the company’s stock.

Institutional Trading of Academy Sports and Outdoors

Several hedge funds have recently made changes to their positions in ASO. Norges Bank bought a new stake in shares of Academy Sports and Outdoors in the fourth quarter valued at $47,768,000. Point72 Asset Management L.P. raised its stake in shares of Academy Sports and Outdoors by 36.6% in the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after buying an additional 559,414 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Academy Sports and Outdoors in the fourth quarter valued at $25,933,000. LSV Asset Management raised its stake in shares of Academy Sports and Outdoors by 28.4% in the fourth quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock valued at $109,068,000 after buying an additional 365,855 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Academy Sports and Outdoors by 953.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 403,467 shares of the company’s stock valued at $26,629,000 after buying an additional 365,168 shares during the period.

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.