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

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned an average recommendation of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $61.33.

Several research firms recently commented on ASO. Robert W. Baird cut their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Evercore ISI cut Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Loop Capital reaffirmed a “buy” rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, Wedbush reissued an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in Academy Sports and Outdoors during the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new position in shares of Academy Sports and Outdoors during the third quarter valued at approximately $40,000. TD Private Client Wealth LLC bought a new position in shares of Academy Sports and Outdoors during the third quarter valued at approximately $40,000. Farther Finance Advisors LLC lifted its stake in Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after acquiring an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new position in Academy Sports and Outdoors during the 3rd quarter valued at $58,000.

Academy Sports and Outdoors Stock Down 0.7 %

Academy Sports and Outdoors stock opened at $57.53 on Monday. The firm has a 50 day moving average price of $52.05 and a 200-day moving average price of $53.67. The company has a quick ratio of 0.41, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $44.73 and a twelve month high of $75.73. The company has a market capitalization of $3.99 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.06 and a beta of 1.31.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company earned $1.38 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, equities analysts predict that Academy Sports and Outdoors will post 5.92 EPS 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. Investors of record on Wednesday, December 18th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.44 annualized dividend and a yield of 0.76%. Academy Sports and Outdoors’s payout ratio is 7.22%.

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.