Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $62.50 Average Target Price from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $62.50.

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. TD Cowen upped their price objective on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $76.00 to $53.00 in a research note on Monday, August 5th. Jefferies Financial Group reduced their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th.

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.19% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

Institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Academy Sports and Outdoors in the third quarter worth $28,000. Headlands Technologies LLC purchased a new stake in Academy Sports and Outdoors during the 1st quarter worth $35,000. V Square Quantitative Management LLC acquired a new stake in Academy Sports and Outdoors in the 3rd quarter valued at $40,000. Farther Finance Advisors LLC raised its position in Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Academy Sports and Outdoors during the third quarter worth about $58,000.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $49.29 on Friday. The firm has a fifty day moving average price of $55.14 and a 200 day moving average price of $54.46. The stock has a market cap of $3.47 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.37. Academy Sports and Outdoors has a 1-year low of $45.47 and a 1-year high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the firm posted $2.01 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Academy Sports and Outdoors will post 6.02 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 annualized dividend and a yield of 0.89%. Academy Sports and Outdoors’s payout ratio is currently 6.79%.

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.