Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Consensus Rating of “Moderate Buy” by Analysts

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $66.27.

A number of equities research analysts recently weighed in on the stock. Evercore ISI lowered their target price on shares of Academy Sports and Outdoors from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. B. Riley restated a “buy” rating and issued a $72.00 target price (up previously from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. Wells Fargo & Company restated an “equal weight” rating and issued a $55.00 target price (down previously from $80.00) on shares of Academy Sports and Outdoors in a report on Wednesday, June 12th. Jefferies Financial Group initiated 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 on the stock. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $75.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, June 11th.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the transaction, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ASO. Jones Financial Companies Lllp bought a new position in Academy Sports and Outdoors in the 4th quarter worth approximately $26,000. Headlands Technologies LLC bought a new position in Academy Sports and Outdoors in the 1st quarter worth approximately $35,000. Future Financial Wealth Managment LLC bought a new position in Academy Sports and Outdoors in the 1st quarter worth approximately $68,000. EverSource Wealth Advisors LLC boosted its holdings in Academy Sports and Outdoors by 517.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after buying an additional 880 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in Academy Sports and Outdoors in the 4th quarter worth approximately $73,000.

Academy Sports and Outdoors Price Performance

ASO stock opened at $53.78 on Thursday. The stock has a market capitalization of $3.88 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. The company’s 50-day moving average is $56.42 and its 200-day moving average is $62.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.41. Academy Sports and Outdoors has a 1 year low of $42.83 and a 1 year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company earned $1.19 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts expect that Academy Sports and Outdoors will post 6.51 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. Stockholders of record on Thursday, June 20th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

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.