Academy Sports and Outdoors (NASDAQ:ASO) Price Target Cut to $55.00 by Analysts at UBS Group

Academy Sports and Outdoors (NASDAQ:ASO) had its price target decreased by UBS Group from $58.00 to $55.00 in a research note published on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research analysts have also weighed in on the stock. Citigroup decreased their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday. TD Cowen boosted their price objective on 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. Telsey Advisory Group restated an “outperform” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday. Robert W. Baird reduced their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Finally, Truist Financial upped their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.13.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $46.39 on Tuesday. The firm has a 50-day simple moving average of $51.75 and a 200-day simple moving average of $53.30. 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 capitalization of $3.22 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors has a 52 week low of $43.16 and a 52 week high of $72.35.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio is 8.54%.

Hedge Funds Weigh In On Academy Sports and Outdoors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Academy Sports and Outdoors by 15.3% during the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after acquiring an additional 1,422,971 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Academy Sports and Outdoors by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company’s stock worth $212,807,000 after purchasing an additional 404,863 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Academy Sports and Outdoors by 8.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock valued at $152,413,000 after purchasing an additional 197,384 shares in the last quarter. Geode Capital Management LLC increased its stake in Academy Sports and Outdoors by 2.6% in the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock valued at $118,092,000 after purchasing an additional 50,715 shares during the last quarter. Finally, LSV Asset Management raised its holdings in Academy Sports and Outdoors by 14.2% during the fourth quarter. LSV Asset Management now owns 1,940,041 shares of the company’s stock worth $111,611,000 after purchasing an additional 241,100 shares in the last quarter.

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.