Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Consensus Rating of “Moderate Buy” from Analysts

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has earned an average rating of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $56.31.

Several research firms recently issued reports on ASO. UBS Group reduced their price target on Academy Sports and Outdoors from $54.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, June 4th. Loop Capital dropped 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. Truist Financial upped their target price on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, June 11th. Evercore ISI decreased their price target on Academy Sports and Outdoors from $54.00 to $53.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Finally, Jefferies Financial Group set a $60.00 target price on Academy Sports and Outdoors in a research report on Thursday, March 20th.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the sale, the director directly owned 7,084 shares in the company, valued at $315,096.32. This represents a 38.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.62% of the stock is currently owned by company insiders.

Institutional Trading of Academy Sports and Outdoors

Several institutional investors and hedge funds have recently bought and sold shares of ASO. Norges Bank acquired a new position in Academy Sports and Outdoors during the fourth quarter worth approximately $47,436,000. Hood River Capital Management LLC acquired a new position in shares of Academy Sports and Outdoors in the 4th quarter worth approximately $42,320,000. American Century Companies Inc. increased its position in shares of Academy Sports and Outdoors by 77.2% in the fourth quarter. American Century Companies Inc. now owns 1,252,699 shares of the company’s stock worth $72,068,000 after acquiring an additional 545,778 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Academy Sports and Outdoors by 36.1% during the first quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company’s stock valued at $90,901,000 after purchasing an additional 528,367 shares in the last quarter. Finally, Boston Partners acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $27,445,000.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO opened at $54.26 on Friday. Academy Sports and Outdoors has a twelve month low of $33.34 and a twelve month high of $64.62. The firm has a market cap of $3.61 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. The business has a fifty day moving average of $45.31 and a 200-day moving average of $46.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.13). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. On average, equities research analysts predict that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, June 19th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.56%.

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.