Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Consensus Rating of “Buy” by Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating) have earned an average rating of “Buy” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Twelve research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $54.42.

ASO has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target on shares of Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, May 4th. Zacks Investment Research raised shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Monday, April 4th. Truist Financial initiated coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, May 11th. They issued a “buy” rating and a $53.00 price target for the company. Loop Capital boosted their price target on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a research note on Wednesday, March 30th. Finally, Stephens boosted their price target on shares of Academy Sports and Outdoors from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 30th.

A number of institutional investors and hedge funds have recently made changes to their positions in ASO. Morgan Stanley boosted its holdings in shares of Academy Sports and Outdoors by 1,107.8% in the second quarter. Morgan Stanley now owns 1,706,387 shares of the company’s stock worth $70,370,000 after buying an additional 1,565,102 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Academy Sports and Outdoors by 11.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 22,454 shares of the company’s stock worth $898,000 after acquiring an additional 2,304 shares during the last quarter. BlackRock Inc. grew its position in shares of Academy Sports and Outdoors by 39.2% during the 3rd quarter. BlackRock Inc. now owns 5,428,568 shares of the company’s stock valued at $217,251,000 after acquiring an additional 1,530,021 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Academy Sports and Outdoors in the 3rd quarter worth $395,000. Finally, Citigroup Inc. raised its holdings in Academy Sports and Outdoors by 36.8% in the 3rd quarter. Citigroup Inc. now owns 30,996 shares of the company’s stock worth $1,240,000 after purchasing an additional 8,331 shares during the period. Institutional investors and hedge funds own 89.94% of the company’s stock.

Academy Sports and Outdoors stock opened at $27.61 on Wednesday. The firm has a 50 day simple moving average of $37.51 and a 200 day simple moving average of $38.97. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 3.88, a P/E/G ratio of 0.30 and a beta of 1.60. The company has a current ratio of 1.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.47. Academy Sports and Outdoors has a 1-year low of $26.70 and a 1-year high of $51.08.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last released its quarterly earnings results on Tuesday, March 29th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.24. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.77 billion. Academy Sports and Outdoors had a net margin of 9.91% and a return on equity of 51.14%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS. On average, equities research analysts forecast that Academy Sports and Outdoors will post 7.02 EPS for the current year.

The firm also recently disclosed a — dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 17th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, March 16th. Academy Sports and Outdoors’s payout ratio is 4.21%.

Academy Sports and Outdoors Company Profile (Get Rating)

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.

Further Reading

Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

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