Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $58.63.
ASO has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Loop Capital reduced their price target on Academy Sports and Outdoors from $77.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday. UBS Group lowered their price objective on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. TD Cowen lifted their price target on shares of 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. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, March 17th.
View Our Latest Stock Report on Academy Sports and Outdoors
Academy Sports and Outdoors Price Performance
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the firm earned $2.21 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. As a group, analysts forecast that Academy Sports and Outdoors will post 5.59 EPS for the current year.
Academy Sports and Outdoors Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be issued a $0.13 dividend. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.01%.
Institutional Investors Weigh In On Academy Sports and Outdoors
Several institutional investors have recently made changes to their positions in ASO. TD Private Client Wealth LLC purchased a new position in shares of Academy Sports and Outdoors in the third quarter valued at $40,000. AlphaQuest LLC increased its stake in shares of Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after buying an additional 915 shares during the last quarter. LGT Financial Advisors LLC increased its position in Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after buying an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after acquiring an additional 843 shares during the last quarter.
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.
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