Academy Sports and Outdoors (NASDAQ:ASO) Earns Equal Weight Rating from Analysts at Barclays

Barclays began coverage on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research note released on Tuesday morning, MarketBeat Ratings reports. The firm issued an equal weight rating and a $51.00 price target on the stock.

Other equities research analysts have also issued research reports about the company. Truist Financial boosted their price objective on Academy Sports and Outdoors from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. boosted their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. UBS Group restated a “neutral” rating and set a $52.00 price objective on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Citigroup lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $50.00 in a research report on Wednesday, September 3rd. Finally, Guggenheim restated a “buy” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, September 8th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Hold” and an average target price of $58.11.

Academy Sports and Outdoors Trading Up 1.3%

Shares of ASO stock opened at $52.97 on Tuesday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 9.92, a P/E/G ratio of 1.05 and a beta of 1.28. Academy Sports and Outdoors has a twelve month low of $33.34 and a twelve month high of $61.25. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $50.98 and its 200 day simple moving average is $46.32.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 annualized dividend and a yield of 1.0%. Academy Sports and Outdoors’s payout ratio is presently 9.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in shares of Academy Sports and Outdoors by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,846,410 shares of the company’s stock valued at $175,438,000 after purchasing an additional 147,395 shares during the period. LSV Asset Management increased its holdings in Academy Sports and Outdoors by 43.0% during the 2nd quarter. LSV Asset Management now owns 3,119,790 shares of the company’s stock worth $139,798,000 after purchasing an additional 937,449 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in Academy Sports and Outdoors by 5.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,110,172 shares of the company’s stock worth $94,557,000 after purchasing an additional 117,175 shares in the last quarter. American Century Companies Inc. increased its holdings in Academy Sports and Outdoors by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 2,051,455 shares of the company’s stock worth $91,926,000 after purchasing an additional 376,027 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of Academy Sports and Outdoors by 45.2% in the second quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company’s stock valued at $64,528,000 after acquiring an additional 448,582 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.