Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $55.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective increased by Wells Fargo & Company from $43.00 to $55.00 in a research report sent to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

ASO has been the subject of several other reports. Citigroup decreased their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, June 4th. Monness Crespi & Hardt started coverage on shares of Academy Sports and Outdoors in a research report on Monday, August 4th. They set a “buy” rating and a $65.00 target price for the company. Morgan Stanley decreased their target price on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 11th. Telsey Advisory Group upped their price objective on shares of Academy Sports and Outdoors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Bank of America reduced their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, June 11th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $58.24.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $54.02 on Thursday. Academy Sports and Outdoors has a twelve month low of $33.34 and a twelve month high of $64.61. The firm has a fifty day simple moving average of $49.58 and a 200 day simple moving average of $46.30. The company has a market capitalization of $3.59 billion, a PE ratio of 9.93, a P/E/G ratio of 1.01 and a beta of 1.30. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results 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). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm posted $1.08 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, sell-side analysts forecast that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio is 9.56%.

Insider Activity

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction 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 completion of the sale, the director owned 7,084 shares of the company’s stock, valued at $315,096.32. This represents a 38.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.62% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several institutional investors and hedge funds have recently modified their holdings of ASO. Huntington National Bank lifted its position in shares of Academy Sports and Outdoors by 214.6% in the 2nd quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after purchasing an additional 470 shares during the period. Your Advocates Ltd. LLP lifted its position in shares of Academy Sports and Outdoors by 101.5% in the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares during the period. TD Private Client Wealth LLC lifted its position in shares of Academy Sports and Outdoors by 45.6% in the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock worth $53,000 after purchasing an additional 362 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 657 shares during the period. Finally, LGT Financial Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after acquiring an additional 1,000 shares in the last quarter.

Academy Sports and Outdoors Company Profile

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.