Robert W. Baird Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $60.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price target cut by Robert W. Baird from $65.00 to $60.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. TD Cowen increased 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. Truist Financial lifted their price target 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. Wedbush reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. UBS Group reduced their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Finally, 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, March 17th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.38.

Academy Sports and Outdoors Trading Down 0.4 %

NASDAQ:ASO opened at $47.23 on Friday. The firm has a fifty day simple moving average of $51.09 and a two-hundred day simple moving average of $53.15. Academy Sports and Outdoors has a 12 month low of $43.16 and a 12 month high of $68.96. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 1.02 and a beta of 1.25. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating 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 business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company posted $2.21 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year. Analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be given a $0.13 dividend. 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 yield of 1.10%. Academy Sports and Outdoors’s payout ratio is presently 8.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ASO. FMR LLC raised its position in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after purchasing an additional 1,422,971 shares during the period. William Blair Investment Management LLC bought a new position in shares of Academy Sports and Outdoors during the fourth quarter valued at about $52,402,000. Norges Bank purchased a new position in shares of Academy Sports and Outdoors in the fourth quarter worth about $47,436,000. Stephens Investment Management Group LLC lifted its stake in shares of Academy Sports and Outdoors by 331.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock valued at $55,210,000 after acquiring an additional 737,212 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in Academy Sports and Outdoors during the 4th quarter valued at about $42,320,000.

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.