Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock Has Average Target Price of $58.54

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $58.54.

ASO has been the topic of several analyst reports. Wells Fargo & Company upgraded shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th. Truist Financial increased their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “hold” rating in a report on Thursday, September 10th. Telsey Advisory Group raised their price target on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, September 10th. Barclays boosted their price objective on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. Finally, BMO Capital Markets set a $42.00 price objective on Academy Sports and Outdoors and gave the company a “market perform” rating in a research report on Thursday, September 10th.

Academy Sports and Outdoors Price Performance

ASO opened at $67.26 on Thursday. The stock has a 50-day moving average price of $53.43 and a 200-day moving average price of $53.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 0.35. The firm has a market cap of $4.14 billion, a PE ratio of 11.21, a P/E/G ratio of 0.94 and a beta of 0.94. Academy Sports and Outdoors has a 1 year low of $41.29 and a 1 year high of $69.62.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.24. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. Academy Sports and Outdoors’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Sell-side analysts predict that Academy Sports and Outdoors will post 6.24 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.00%.

Insiders Place Their Bets

In other news, Director Brian Marley sold 10,432 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total value of $555,504.00. Following the completion of the transaction, the director owned 32,607 shares in the company, valued at $1,736,322.75. The trade was a 24.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Samuel J. Johnson sold 70,303 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total value of $3,640,992.37. Following the transaction, the president directly owned 36,861 shares in the company, valued at approximately $1,909,031.19. The trade was a 65.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 106,315 shares of company stock valued at $5,576,537. Corporate insiders own 4.08% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its holdings in shares of Academy Sports and Outdoors by 52.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 736 shares of the company’s stock valued at $35,000 after acquiring an additional 252 shares during the last quarter. Heritage Family Offices LLP bought a new stake in shares of Academy Sports and Outdoors in the third quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Academy Sports and Outdoors during the second quarter valued at approximately $38,000. EverSource Wealth Advisors LLC raised its holdings in shares of Academy Sports and Outdoors by 38.9% during the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock valued at $52,000 after purchasing an additional 258 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Academy Sports and Outdoors during the second quarter valued at approximately $55,000.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer headquartered in Katy, Texas. The company operates stores and an e-commerce platform serving customers primarily across the southern, southeastern and midwestern United States.

Academy sells a broad selection of sports equipment, apparel and footwear, as well as products for hunting, fishing, camping, boating, fitness and outdoor recreation. Its merchandise also includes seasonal products, patio and recreation items, and equipment for team sports.