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

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned a consensus rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $61.67.

Several brokerages have commented on ASO. 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. Telsey Advisory Group lowered their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Robert W. Baird lowered their price target on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. TD Cowen boosted their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Truist Financial boosted their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently bought and sold shares of ASO. Harbor Capital Advisors Inc. purchased a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $40,000. TD Private Client Wealth LLC purchased a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $40,000. Farther Finance Advisors LLC raised its holdings in Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after buying an additional 366 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in Academy Sports and Outdoors during the 3rd quarter valued at $58,000.

Academy Sports and Outdoors Stock Up 1.3 %

ASO opened at $55.46 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The company’s 50-day moving average is $53.27 and its 200 day moving average is $53.96. Academy Sports and Outdoors has a fifty-two week low of $44.73 and a fifty-two week high of $75.73. The firm has a market capitalization of $3.85 billion, a P/E ratio of 9.11, a PEG ratio of 1.24 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 EPS. Research analysts expect that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were paid a $0.11 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. Academy Sports and Outdoors’s dividend payout ratio is presently 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.