Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $61.33 Average Price Target from Analysts

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $61.33.

A number of equities analysts recently issued reports on ASO shares. Truist Financial raised their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Wells Fargo & Company lifted their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Telsey Advisory Group cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Citigroup began coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Wedbush restated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th.

Institutional Trading of Academy Sports and Outdoors

A number of institutional investors have recently bought and sold shares of the company. CWM LLC grew its stake in Academy Sports and Outdoors by 4.6% in the 3rd quarter. CWM LLC now owns 4,480 shares of the company’s stock valued at $261,000 after acquiring an additional 196 shares during the last quarter. Simmons Bank lifted its holdings in shares of Academy Sports and Outdoors by 1.9% in the third quarter. Simmons Bank now owns 10,860 shares of the company’s stock valued at $634,000 after purchasing an additional 200 shares in the last quarter. Daymark Wealth Partners LLC grew its position in shares of Academy Sports and Outdoors by 1.3% in the third quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company’s stock valued at $899,000 after purchasing an additional 203 shares during the last quarter. Trust Investment Advisors increased its stake in shares of Academy Sports and Outdoors by 1.8% during the 2nd quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock worth $800,000 after purchasing an additional 266 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in shares of Academy Sports and Outdoors by 10.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 3,011 shares of the company’s stock worth $160,000 after purchasing an additional 290 shares during the last quarter.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $56.86 on Monday. The company has a current ratio of 1.57, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.95 billion, a P/E ratio of 9.34, a P/E/G ratio of 1.06 and a beta of 1.31. The stock has a 50 day moving average of $52.28 and a two-hundred day moving average of $53.72. Academy Sports and Outdoors has a twelve month low of $44.73 and a twelve month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. On average, research analysts forecast that Academy Sports and Outdoors will post 5.92 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. Academy Sports and Outdoors’s payout ratio is 7.22%.

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.