B. Riley Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $65.00

Academy Sports and Outdoors (NASDAQ:ASO) had its target price lowered by B. Riley from $70.00 to $65.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. Robert W. Baird reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday. Citigroup cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Truist Financial raised their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Wedbush reaffirmed an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Finally, TD Cowen raised their price target 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. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.38.

Academy Sports and Outdoors Stock Down 0.4 %

Shares of Academy Sports and Outdoors stock opened at $47.23 on Friday. The stock has a 50-day moving average price of $51.09 and a 200 day moving average price of $53.15. The company has a market cap of $3.28 billion, a P/E ratio of 7.76, a P/E/G 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 has a 1 year low of $43.16 and a 1 year high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.21 EPS. As a group, analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders 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. This represents a $0.52 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, March 25th. Academy Sports and Outdoors’s payout ratio is currently 8.54%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased 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 buying an additional 1,422,971 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $212,807,000 after purchasing an additional 404,863 shares during the period. Pacer Advisors Inc. increased its position in shares of 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 valued at $152,413,000 after purchasing an additional 197,384 shares during the period. Geode Capital Management LLC increased its position in shares of Academy Sports and Outdoors by 2.6% during 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 period. Finally, LSV Asset Management increased its position in shares of 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 valued at $111,611,000 after purchasing an additional 241,100 shares during the period.

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.