Analysts Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Price Target at $61.67

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $61.33.

Several equities research analysts recently weighed in on ASO shares. Wedbush reissued an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Robert W. Baird cut their price objective 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday. TD Cowen lifted their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, Truist Financial lifted their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ASO. TD Private Client Wealth LLC bought a new stake in Academy Sports and Outdoors in the 3rd quarter valued at about $40,000. AlphaQuest LLC increased its position in Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after buying an additional 496 shares in the last quarter. Farther Finance Advisors LLC increased its position in Academy Sports and Outdoors by 98.4% in 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 in the last quarter. Parkside Financial Bank & Trust increased its position in Academy Sports and Outdoors by 1,307.1% in 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 in the last quarter. Finally, LGT Financial Advisors LLC increased its position in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after buying an additional 1,000 shares in the last quarter.

Academy Sports and Outdoors Trading Up 3.6 %

NASDAQ ASO opened at $46.72 on Friday. The company has a quick ratio of 0.32, 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 $43.16 and a twelve month high of $72.43. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The business’s fifty day moving average is $51.98 and its 200 day moving average is $53.36.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be given a $0.13 dividend. The ex-dividend date is Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.11%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 8.54%.

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.