Brokerages Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Target Price at $57.81

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have received an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $57.44.

Several equities analysts recently issued reports on ASO shares. Wells Fargo & Company cut their price objective on shares of Academy Sports and Outdoors from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Truist Financial set a $45.00 price target on Academy Sports and Outdoors in a research report on Wednesday. B. Riley dropped their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. UBS Group reduced their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Finally, Evercore ISI lowered their price target on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently bought and sold shares of ASO. Virtu Financial LLC purchased a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $306,000. Wilmington Savings Fund Society FSB boosted its holdings in Academy Sports and Outdoors by 94.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,300 shares of the company’s stock valued at $484,000 after purchasing an additional 4,038 shares during the last quarter. Franklin Resources Inc. grew its position in Academy Sports and Outdoors by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 95,822 shares of the company’s stock worth $5,139,000 after purchasing an additional 576 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Academy Sports and Outdoors by 2.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 326,132 shares of the company’s stock valued at $19,033,000 after buying an additional 8,848 shares during the last quarter. Finally, Doliver Advisors LP lifted its holdings in shares of Academy Sports and Outdoors by 43.6% in the 4th quarter. Doliver Advisors LP now owns 7,735 shares of the company’s stock valued at $445,000 after buying an additional 2,350 shares during the period.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $40.26 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The company has a market capitalization of $2.68 billion, a PE ratio of 6.61, a P/E/G ratio of 1.02 and a beta of 1.29. The company has a 50 day moving average price of $41.94 and a 200-day moving average price of $49.03. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm posted $2.21 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts forecast that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.29%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.01%.

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.