Analysts Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) PT at $58.07

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $58.0714.

A number of research analysts have issued reports on ASO shares. The Goldman Sachs Group cut their price target on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. Wells Fargo & Company reiterated a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. Barclays dropped their price objective on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, June 11th. Truist Financial cut their target price on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a research report on Wednesday, June 10th. Finally, UBS Group reduced their target price on Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $46.15 on Friday. Academy Sports and Outdoors has a fifty-two week low of $41.29 and a fifty-two week high of $62.44. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68. The stock’s 50-day simple moving average is $48.06 and its 200-day simple moving average is $52.86.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, equities analysts forecast that Academy Sports and Outdoors will post 6.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. Academy Sports and Outdoors’s dividend payout ratio is currently 10.56%.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently modified their holdings of ASO. Salomon & Ludwin LLC increased its holdings in Academy Sports and Outdoors by 139.8% in the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after buying an additional 281 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Academy Sports and Outdoors during the 2nd quarter worth approximately $38,000. EverSource Wealth Advisors LLC raised its position in Academy Sports and Outdoors by 38.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after buying an additional 258 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Academy Sports and Outdoors during the 4th quarter valued at approximately $51,000. Finally, State of Wyoming acquired a new stake in Academy Sports and Outdoors during the 2nd quarter valued at approximately $55,000.

About Academy Sports and Outdoors

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.