Wedbush Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $65.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective cut by Wedbush from $80.00 to $65.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an outperform rating on the stock. Wedbush also issued estimates for Academy Sports and Outdoors’ Q2 2025 earnings at $1.90 EPS, Q4 2025 earnings at $2.03 EPS, FY2025 earnings at $6.19 EPS, Q2 2026 earnings at $2.10 EPS, Q4 2026 earnings at $2.25 EPS and FY2026 earnings at $6.81 EPS.

A number of other equities analysts have also recently weighed in on ASO. Jefferies Financial Group assumed coverage on Academy Sports and Outdoors in a report on Friday, April 12th. They issued a buy rating and a $85.00 price target for the company. TD Cowen decreased their price target on Academy Sports and Outdoors from $82.00 to $58.00 and set a buy rating for the company in a report on Wednesday. Telsey Advisory Group restated an outperform rating and issued a $75.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday. Truist Financial cut their target price on Academy Sports and Outdoors from $75.00 to $73.00 and set a buy rating on the stock in a research report on Monday, June 10th. Finally, Wells Fargo & Company reaffirmed an equal weight rating and issued a $55.00 target price (down from $80.00) on shares of Academy Sports and Outdoors in a research report on Wednesday. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors has a consensus rating of Moderate Buy and an average price target of $66.27.

Academy Sports and Outdoors Stock Up 0.8 %

Shares of NASDAQ:ASO 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 1 year low of $42.83 and a 1 year high of $75.73. The stock has a market capitalization of $3.74 billion, a P/E ratio of 7.92, a PEG ratio of 0.86 and a beta of 1.37. The stock has a 50-day simple moving average of $56.60 and a 200-day simple moving average of $62.08.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.19 EPS. Equities analysts forecast that Academy Sports and Outdoors will post 6.61 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

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

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the sale, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale grew its stake in Academy Sports and Outdoors by 2.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,715 shares of the company’s stock worth $726,000 after buying an additional 296 shares during the last quarter. Boston Partners bought a new position in Academy Sports and Outdoors during the 1st quarter worth $1,000,000. Verity Asset Management Inc. grew its stake in Academy Sports and Outdoors by 3.8% during the 1st quarter. Verity Asset Management Inc. now owns 20,687 shares of the company’s stock worth $1,397,000 after buying an additional 752 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of Academy Sports and Outdoors in the first quarter worth $262,000. Finally, EMC Capital Management grew its stake in shares of Academy Sports and Outdoors by 125.5% in the first quarter. EMC Capital Management now owns 6,959 shares of the company’s stock worth $470,000 after purchasing an additional 3,873 shares in the last quarter.

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.