Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $43.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective lifted by Wells Fargo & Company from $38.00 to $43.00 in a report published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other brokerages have also weighed in on ASO. Jefferies Financial Group set a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Thursday, March 20th. B. Riley cut their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Citigroup cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Finally, Loop Capital reduced their price objective on Academy Sports and Outdoors from $77.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.75.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $45.23 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 12-month low of $33.34 and a 12-month high of $64.62. The firm has a fifty day moving average of $41.51 and a 200-day moving average of $48.69. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 earnings per share. On average, equities research analysts forecast that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were paid a $0.13 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a yield of 1.15%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.01%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Fund 1 Investments LLC acquired a new stake in Academy Sports and Outdoors in the 4th quarter valued at about $4,929,000. Bank of New York Mellon Corp raised its stake in Academy Sports and Outdoors by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock valued at $40,974,000 after buying an additional 90,592 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Academy Sports and Outdoors in the fourth quarter valued at approximately $1,969,000. Wells Fargo & Company MN boosted its stake in shares of Academy Sports and Outdoors by 11.4% during the 4th quarter. Wells Fargo & Company MN now owns 216,686 shares of the company’s stock worth $12,466,000 after acquiring an additional 22,146 shares during the period. Finally, Pacifica Capital Investments LLC increased its holdings in shares of Academy Sports and Outdoors by 7.9% during the 4th quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company’s stock worth $23,041,000 after acquiring an additional 29,410 shares during 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.