Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $74.00 Average Target Price from Analysts

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $73.82.

A number of equities analysts have commented on the company. Truist Financial restated a “buy” rating and issued a $77.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th. Robert W. Baird boosted their target price on Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. B. Riley reissued a “buy” rating and set a $72.00 target price (up previously from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. Wells Fargo & Company dropped their target price on Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price 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.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $60.72 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average of $66.19 and a two-hundred day moving average of $59.90. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73. The company has a market cap of $4.48 billion, a P/E ratio of 9.04, a PEG ratio of 0.86 and a beta of 1.35.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were paid a dividend of $0.11 per share. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.72%. The ex-dividend date was Monday, March 25th. Academy Sports and Outdoors’s payout ratio is 6.55%.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the sale, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.56% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several institutional investors and hedge funds have recently modified their holdings of ASO. Norges Bank purchased a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at $47,768,000. Point72 Asset Management L.P. raised its position in shares of Academy Sports and Outdoors by 36.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after buying an additional 559,414 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Academy Sports and Outdoors during the fourth quarter valued at about $25,933,000. LSV Asset Management raised its position in shares of Academy Sports and Outdoors by 28.4% during the fourth quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock valued at $109,068,000 after buying an additional 365,855 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Academy Sports and Outdoors by 953.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 403,467 shares of the company’s stock valued at $26,629,000 after buying an additional 365,168 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.