Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Average Recommendation of “Hold” by Brokerages

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $61.67.

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group decreased their price target on shares of 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 assumed coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, December 18th. They set a “buy” rating and a $65.00 price target for the company. Truist Financial raised their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. TD Cowen raised their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird decreased their price target on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp grew its position in shares of Academy Sports and Outdoors by 395.5% during the 4th quarter. Mackenzie Financial Corp now owns 23,153 shares of the company’s stock valued at $1,332,000 after purchasing an additional 18,480 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth $3,581,000. CSS LLC IL lifted its holdings in shares of Academy Sports and Outdoors by 52.2% during the 4th quarter. CSS LLC IL now owns 7,610 shares of the company’s stock worth $438,000 after acquiring an additional 2,610 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Academy Sports and Outdoors by 15.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 154,257 shares of the company’s stock worth $8,874,000 after acquiring an additional 20,903 shares during the last quarter. Finally, Vident Advisory LLC lifted its holdings in shares of Academy Sports and Outdoors by 3.6% during the 4th quarter. Vident Advisory LLC now owns 18,034 shares of the company’s stock worth $1,037,000 after acquiring an additional 622 shares during the last quarter.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $50.84 on Tuesday. Academy Sports and Outdoors has a 52 week low of $44.73 and a 52 week high of $75.73. The company’s 50 day moving average price is $54.86 and its two-hundred day moving average price is $53.91. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.53 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.03 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its 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). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business earned $1.38 EPS. Academy Sports and Outdoors’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities analysts predict that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.87%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 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.