Citigroup Issues Pessimistic Forecast for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its price target trimmed by Citigroup from $65.00 to $60.00 in a report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. TD Cowen increased 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 note on Wednesday, January 8th. Robert W. Baird reduced their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Wedbush restated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Telsey Advisory Group reiterated an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Monday. Finally, Truist Financial raised their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.33.

Academy Sports and Outdoors Stock Up 3.6 %

Academy Sports and Outdoors stock opened at $46.72 on Monday. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $72.43. The company has a 50 day moving average of $51.98 and a 200-day moving average of $53.36. The stock has a market capitalization of $3.24 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.13 per share. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.11%. Academy Sports and Outdoors’s dividend payout ratio is presently 8.54%.

Institutional Investors Weigh In On Academy Sports and Outdoors

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