Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $64.73 Consensus Target Price from Brokerages

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has earned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $65.64.

Several equities research analysts have commented on ASO shares. Morgan Stanley dropped their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 12th. Truist Financial cut their price objective on shares of Academy Sports and Outdoors from $75.00 to $73.00 and set a “buy” rating for the company in a report on Monday, June 10th. Wells Fargo & Company lowered their target price on shares of Academy Sports and Outdoors from $55.00 to $46.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Loop Capital reaffirmed a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a report on Monday, July 1st. Finally, Robert W. Baird reduced their price target 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.

Insider Transactions at Academy Sports and Outdoors

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

Institutional Investors Weigh In On Academy Sports and Outdoors

Large investors have recently added to or reduced their stakes in the company. Strs Ohio increased its position in shares of Academy Sports and Outdoors by 14.5% during the 4th quarter. Strs Ohio now owns 6,300 shares of the company’s stock valued at $415,000 after purchasing an additional 800 shares during the last quarter. GAMMA Investing LLC bought a new position in Academy Sports and Outdoors during the fourth quarter valued at approximately $83,000. Russell Investments Group Ltd. grew its position in Academy Sports and Outdoors by 28.4% during the fourth quarter. Russell Investments Group Ltd. now owns 22,619 shares of the company’s stock valued at $1,493,000 after acquiring an additional 4,999 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Academy Sports and Outdoors by 52.3% during the fourth quarter. Victory Capital Management Inc. now owns 46,454 shares of the company’s stock worth $3,066,000 after acquiring an additional 15,955 shares in the last quarter. Finally, Great Valley Advisor Group Inc. boosted its stake in shares of Academy Sports and Outdoors by 28.5% in the 4th quarter. Great Valley Advisor Group Inc. now owns 6,994 shares of the company’s stock valued at $462,000 after purchasing an additional 1,552 shares in the last quarter.

Academy Sports and Outdoors Trading Up 0.3 %

NASDAQ:ASO opened at $55.48 on Tuesday. Academy Sports and Outdoors has a 12 month low of $42.83 and a 12 month high of $75.73. The company has a current ratio of 1.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $53.04 and its 200 day moving average is $58.61. The stock has a market capitalization of $4.00 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.87 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.11). The firm had revenue of $1.36 billion during 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 business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 earnings per share. Sell-side analysts expect that Academy Sports and Outdoors will post 6.35 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Thursday, June 20th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.44 annualized dividend and a dividend yield of 0.79%. Academy Sports and Outdoors’s 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.