Academy Sports and Outdoors (NASDAQ:ASO) Earns Buy Rating from Loop Capital

Loop Capital reissued their buy rating on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a $77.00 price target on the stock.

A number of other research analysts have also issued reports on the stock. Jefferies Financial Group initiated coverage on shares of 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. Truist Financial decreased their price objective on shares of Academy Sports and Outdoors from $75.00 to $73.00 and set a buy rating on the stock in a research note on Monday, June 10th. TD Cowen cut their target price on shares of Academy Sports and Outdoors from $82.00 to $58.00 and set a buy rating on the stock in a research report on Wednesday, June 12th. 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 research report on Wednesday, June 12th. Finally, UBS Group lowered shares of Academy Sports and Outdoors from a buy rating to a neutral rating and cut their price target for the stock from $81.00 to $58.00 in a report on Wednesday, June 12th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $67.87.

Academy Sports and Outdoors Stock Up 0.6 %

Shares of ASO stock opened at $50.94 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62. The firm’s 50-day moving average is $55.04 and its 200-day moving average is $61.92. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 0.89 and a beta of 1.34. Academy Sports and Outdoors has a 52-week low of $42.83 and a 52-week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results 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 company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company posted $1.19 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict that Academy Sports and Outdoors will post 6.4 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Thursday, June 20th. Academy Sports and Outdoors’s payout ratio is presently 6.73%.

Insider Buying and Selling

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the transaction, the director now directly owns 7,870 shares in the company, valued at $472,200. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASO. Jones Financial Companies Lllp purchased a new position in Academy Sports and Outdoors in the fourth quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in shares of Academy Sports and Outdoors during the 1st quarter valued at approximately $35,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Academy Sports and Outdoors during the 1st quarter valued at approximately $68,000. EverSource Wealth Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 517.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after buying an additional 880 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Academy Sports and Outdoors during the 4th quarter worth approximately $73,000.

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.