Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $74.00.

Several research analysts recently issued reports on the stock. Robert W. Baird upped their target price on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. upped their price objective on Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. B. Riley reissued a “buy” rating and set a $72.00 price objective (up from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. Truist Financial reaffirmed a “buy” rating and issued a $77.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th. Finally, Jefferies Financial Group initiated coverage on shares of Academy Sports and Outdoors in a research report on Friday, April 12th. They set a “buy” rating and a $85.00 price target on the stock.

Academy Sports and Outdoors Trading Up 3.2 %

Shares of ASO opened at $59.27 on Wednesday. The business’s 50-day moving average price is $66.72 and its 200-day moving average price is $59.79. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $42.83 and a twelve month high of $75.73. The stock has a market cap of $4.41 billion, a PE ratio of 8.82, a P/E/G ratio of 0.83 and a beta of 1.35.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were given a $0.11 dividend. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.74%. Academy Sports and Outdoors’s payout ratio is presently 6.55%.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several hedge funds have recently made changes to their positions in ASO. Jones Financial Companies Lllp bought a new position in Academy Sports and Outdoors in the fourth quarter worth about $26,000. Future Financial Wealth Managment LLC bought a new position in shares of Academy Sports and Outdoors in the 1st quarter worth approximately $68,000. EverSource Wealth Advisors LLC raised its position in shares of Academy Sports and Outdoors by 517.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after acquiring an additional 880 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Academy Sports and Outdoors in the 4th quarter valued at approximately $73,000. Finally, GAMMA Investing LLC purchased a new stake in Academy Sports and Outdoors in the fourth quarter worth $83,000.

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.