Evercore ISI Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $70.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price target reduced by Evercore ISI from $75.00 to $70.00 in a research note released on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other research firms have also weighed in on ASO. B. Riley restated a buy rating and set a $72.00 price objective (up from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. Truist Financial reiterated a buy rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th. Jefferies Financial Group began coverage on shares of Academy Sports and Outdoors in a research note on Friday, April 12th. They issued a buy rating and a $85.00 price target for the company. Wedbush reiterated an outperform rating and issued a $80.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an overweight rating in a research note on Wednesday, March 20th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Academy Sports and Outdoors has a consensus rating of Moderate Buy and an average price target of $74.00.

Academy Sports and Outdoors Trading Down 0.6 %

Shares of NASDAQ ASO opened at $59.35 on Tuesday. Academy Sports and Outdoors has a 1 year low of $42.83 and a 1 year high of $75.73. The stock has a market cap of $4.42 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The firm has a 50-day moving average of $67.71 and a 200 day moving average of $59.32. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.51.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Tuesday, March 26th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.74%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, March 25th. Academy Sports and Outdoors’s payout ratio is 6.55%.

Institutional Trading of Academy Sports and Outdoors

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Academy Sports and Outdoors by 124.0% during the first quarter. BlackRock Inc. now owns 13,562,648 shares of the company’s stock valued at $534,370,000 after purchasing an additional 7,507,589 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Academy Sports and Outdoors by 0.9% during the third quarter. Vanguard Group Inc. now owns 9,578,659 shares of the company’s stock valued at $404,028,000 after purchasing an additional 85,344 shares in the last quarter. State Street Corp lifted its holdings in Academy Sports and Outdoors by 1.3% during the third quarter. State Street Corp now owns 3,005,249 shares of the company’s stock valued at $126,986,000 after purchasing an additional 38,395 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Academy Sports and Outdoors by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,655,894 shares of the company’s stock valued at $175,290,000 after purchasing an additional 80,218 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Academy Sports and Outdoors by 36.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after purchasing an additional 559,414 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.