Academy Sports and Outdoors (NASDAQ:ASO) Given New $63.00 Price Target at Truist Financial

Academy Sports and Outdoors (NASDAQ:ASO) had its target price boosted by Truist Financial from $60.00 to $63.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

ASO has been the topic of several other reports. Telsey Advisory Group reiterated an outperform rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. JPMorgan Chase & Co. lowered Academy Sports and Outdoors from an overweight rating to a neutral rating and reduced their target price for the stock from $76.00 to $53.00 in a research note on Monday, August 5th. Loop Capital reissued a buy rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research note on Monday, July 1st. UBS Group cut shares of Academy Sports and Outdoors from a buy rating to a neutral rating and cut their price target for the stock from $81.00 to $58.00 in a report on Wednesday, June 12th. Finally, Morgan Stanley decreased their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an equal weight rating for the company in a report on Wednesday, June 12th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $62.86.

Academy Sports and Outdoors Stock Down 1.2 %

NASDAQ ASO opened at $54.71 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.92 and a beta of 1.34. The company has a fifty day moving average of $53.36 and a two-hundred day moving average of $57.77.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.01 EPS. On average, analysts predict that Academy Sports and Outdoors will post 6.25 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

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 issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is 6.73%.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the sale, the director now owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new position in Academy Sports and Outdoors in the fourth quarter worth about $26,000. Headlands Technologies LLC purchased a new position in shares of Academy Sports and Outdoors in the 1st quarter worth approximately $35,000. Future Financial Wealth Managment LLC bought a new position in shares of Academy Sports and Outdoors during the 1st quarter worth approximately $68,000. EverSource Wealth Advisors LLC lifted its position in Academy Sports and Outdoors by 517.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after acquiring an additional 880 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $73,000.

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.