Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $68.00 at Robert W. Baird

Academy Sports and Outdoors (NASDAQ:ASO) had its target price trimmed by Robert W. Baird from $80.00 to $68.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on the company. Wells Fargo & Company cut their price objective on Academy Sports and Outdoors from $83.00 to $80.00 and set an overweight rating for the company in a research report on Thursday, April 25th. B. Riley reissued a buy rating and issued a $72.00 target price (up from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. Jefferies Financial Group began coverage on Academy Sports and Outdoors in a research note on Friday, April 12th. They issued a buy rating and a $85.00 target price for the company. Bank of America cut Academy Sports and Outdoors from a buy rating to a neutral rating and lowered their target price for the company from $75.00 to $63.00 in a research note on Tuesday, June 11th. Finally, UBS Group cut Academy Sports and Outdoors from a buy rating to a neutral rating and lowered their target price for the company from $81.00 to $58.00 in a research note on Wednesday. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $66.27.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $51.79 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.51. The company has a market capitalization of $3.74 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. Academy Sports and Outdoors has a one year low of $42.83 and a one year high of $75.73. The business has a 50 day simple moving average of $56.60 and a 200 day simple moving average of $62.18.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Academy Sports and Outdoors will post 6.57 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

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

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’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 transaction, the director now owns 7,870 shares of the company’s stock, valued at $472,200. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several institutional investors and hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund lifted its stake in Academy Sports and Outdoors by 5.8% during the third quarter. New York State Common Retirement Fund now owns 31,739 shares of the company’s stock worth $1,500,000 after purchasing an additional 1,735 shares during the last quarter. Swiss National Bank lifted its stake in Academy Sports and Outdoors by 0.4% during the third quarter. Swiss National Bank now owns 168,100 shares of the company’s stock worth $7,946,000 after purchasing an additional 600 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Academy Sports and Outdoors by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 661,316 shares of the company’s stock valued at $31,260,000 after acquiring an additional 20,780 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Academy Sports and Outdoors by 42.8% in the 3rd quarter. Van ECK Associates Corp now owns 15,447 shares of the company’s stock valued at $730,000 after acquiring an additional 4,630 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Academy Sports and Outdoors by 12.8% in the 3rd quarter. Deutsche Bank AG now owns 40,470 shares of the company’s stock valued at $1,913,000 after acquiring an additional 4,605 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.