Academy Sports and Outdoors’ (ASO) Buy Rating Reaffirmed at Loop Capital

Loop Capital reaffirmed their buy rating on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a report published on Monday morning, Benzinga reports. The brokerage currently has a $77.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the company. B. Riley restated a buy rating and set a $72.00 target price (up previously from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. Telsey Advisory Group reiterated an outperform rating and set a $75.00 price target on shares of Academy Sports and Outdoors in a research note on Tuesday, June 11th. Wells Fargo & Company restated an equal weight rating and issued a $55.00 price objective (down previously from $80.00) on shares of Academy Sports and Outdoors in a research note on Wednesday, June 12th. JPMorgan Chase & Co. raised their price objective on Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an overweight rating in a report on Wednesday, March 20th. Finally, TD Cowen decreased their target price on Academy Sports and Outdoors from $82.00 to $58.00 and set a buy rating for the company in a research report on Wednesday, June 12th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $67.87.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $50.94 on Monday. The firm has a 50 day moving average of $54.88 and a two-hundred day moving average of $61.85. The stock has a market capitalization of $3.67 billion, a PE ratio of 7.79, a P/E/G ratio of 0.85 and a beta of 1.34. The company has a quick ratio of 0.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. 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 posted its quarterly earnings results 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 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 period in the prior year, the business earned $1.19 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, research analysts predict that Academy Sports and Outdoors will post 6.4 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, June 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.86%. Academy Sports and Outdoors’s payout ratio is 6.73%.

Insider Activity at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction 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 completion of the transaction, the director now owns 7,870 shares of the company’s stock, valued at approximately $472,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.19% of the stock is currently owned by company insiders.

Institutional Trading of Academy Sports and Outdoors

Large investors have recently made changes to their positions in the stock. Moody National Bank Trust Division boosted its position in Academy Sports and Outdoors by 6.0% during the second quarter. Moody National Bank Trust Division now owns 14,293 shares of the company’s stock worth $761,000 after acquiring an additional 806 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of 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 purchasing an additional 296 shares during the period. Boston Partners acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth $1,000,000. Verity Asset Management Inc. grew its position in shares of Academy Sports and Outdoors by 3.8% in the first quarter. Verity Asset Management Inc. now owns 20,687 shares of the company’s stock valued at $1,397,000 after purchasing an additional 752 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in shares of Academy Sports and Outdoors in the first quarter valued at $262,000.

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.