Evercore ISI Raises Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $65.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective lifted by Evercore ISI from $60.00 to $65.00 in a report released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in on the stock. Telsey Advisory Group reaffirmed an outperform rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Wells Fargo & Company dropped their price target on shares of Academy Sports and Outdoors from $55.00 to $46.00 and set an equal weight rating on the stock in a research note on Monday, August 12th. Bank of America cut shares of Academy Sports and Outdoors from a buy rating to a neutral rating and dropped their price target for the stock from $75.00 to $63.00 in a research note on Tuesday, June 11th. Loop Capital reiterated a buy rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday. Finally, UBS Group cut shares of Academy Sports and Outdoors from a buy rating to a neutral rating and dropped their price target for the stock from $81.00 to $58.00 in a research note on Wednesday, June 12th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of Moderate Buy and an average price target of $62.86.

Academy Sports and Outdoors Stock Up 5.6 %

Shares of Academy Sports and Outdoors stock opened at $59.01 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $53.61 and its two-hundred day simple moving average is $57.68. The company has a market cap of $4.15 billion, a P/E ratio of 9.02, a PEG ratio of 0.94 and a beta of 1.34. Academy Sports and Outdoors has a 12-month low of $42.83 and a 12-month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.01 EPS. Research analysts anticipate that Academy Sports and Outdoors will post 6.25 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction that occurred 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 owns 10,106 shares in the company, valued at $548,250.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.19% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several large investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp increased its position in Academy Sports and Outdoors by 3.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock worth $548,000 after purchasing an additional 250 shares during the last quarter. Trust Investment Advisors increased its position in Academy Sports and Outdoors by 1.8% during the second quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock valued at $800,000 after acquiring an additional 266 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in Academy Sports and Outdoors by 3.6% during the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock valued at $409,000 after acquiring an additional 269 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Academy Sports and Outdoors by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,410 shares of the company’s stock valued at $1,875,000 after acquiring an additional 276 shares during the last quarter. Finally, Moody National Bank Trust Division increased its position in Academy Sports and Outdoors by 2.1% during the first quarter. Moody National Bank Trust Division now owns 13,487 shares of the company’s stock valued at $911,000 after acquiring an additional 276 shares during the last quarter.

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.