Analysts Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Price Target at $62.86

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $62.86.

Several research firms recently issued reports on ASO. Robert W. Baird reduced their price target on Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Telsey Advisory Group restated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $76.00 to $53.00 in a report on Monday, August 5th. Finally, Wells Fargo & Company raised their target price on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th.

Insiders Place Their Bets

In other news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the sale, the director now directly owns 10,106 shares in the company, valued at approximately $548,250.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares in the company, valued at $552,172. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total value of $33,906.25. Following the sale, the director now owns 10,106 shares in the company, valued at $548,250.50. The disclosure for this sale can be found here. Insiders own 2.19% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Academy Sports and Outdoors during the 2nd quarter worth approximately $130,000. Sanctuary Advisors LLC purchased a new stake in Academy Sports and Outdoors in the 2nd quarter valued at about $294,000. Truist Financial Corp increased its position in shares of Academy Sports and Outdoors by 45.4% during the second quarter. Truist Financial Corp now owns 7,495 shares of the company’s stock valued at $399,000 after acquiring an additional 2,342 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Academy Sports and Outdoors by 7.4% during the second quarter. Sunbelt Securities Inc. now owns 7,653 shares of the company’s stock worth $408,000 after acquiring an additional 525 shares during the period. Finally, Impala Asset Management LLC bought a new position in Academy Sports and Outdoors in the 2nd quarter valued at $3,728,000.

Academy Sports and Outdoors Trading Down 3.3 %

ASO stock opened at $59.21 on Friday. Academy Sports and Outdoors has a one year low of $42.83 and a one year high of $75.73. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.34. The company has a fifty day moving average price of $54.70 and a two-hundred day moving average price of $56.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. Academy Sports and Outdoors’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.01 EPS. Equities analysts anticipate that Academy Sports and Outdoors will post 6.03 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

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.