Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $67.87 Consensus Price Target from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $65.60.

ASO has been the subject of a number of recent research reports. 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 price target for the company. Morgan Stanley dropped their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 12th. Robert W. Baird reduced their price objective on Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Truist Financial lowered their price objective on Academy Sports and Outdoors from $75.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, June 10th. Finally, Evercore ISI increased their target price on Academy Sports and Outdoors from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $48.71 on Friday. The company has a 50-day simple moving average of $53.58 and a two-hundred day simple moving average of $60.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.41. The firm has a market capitalization of $3.51 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.87 and a beta of 1.34. Academy Sports and Outdoors has a one year low of $42.83 and a one year high of $75.73.

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 the consensus estimate of $1.19 by ($0.11). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 earnings per share. On average, analysts anticipate that Academy Sports and Outdoors will post 6.35 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, June 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.90%. Academy Sports and Outdoors’s payout ratio is currently 6.73%.

Insider Buying and Selling

In other news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the sale, the director now directly owns 10,106 shares in the company, valued at approximately $548,250.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASO. Quest Partners LLC raised its position in shares of Academy Sports and Outdoors by 1,136.5% during the second quarter. Quest Partners LLC now owns 5,725 shares of the company’s stock valued at $305,000 after buying an additional 5,262 shares during the last quarter. LSV Asset Management increased its holdings in Academy Sports and Outdoors by 4.2% in the 2nd quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after acquiring an additional 69,700 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in Academy Sports and Outdoors by 86.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 7,040 shares of the company’s stock worth $375,000 after purchasing an additional 3,260 shares in the last quarter. Pacifica Capital Investments LLC boosted its holdings in shares of Academy Sports and Outdoors by 60.1% during the 2nd quarter. Pacifica Capital Investments LLC now owns 350,231 shares of the company’s stock valued at $18,650,000 after purchasing an additional 131,444 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Academy Sports and Outdoors by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 20,830 shares of the company’s stock valued at $1,109,000 after purchasing an additional 451 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.