Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have received a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $61.67.

Several equities analysts have recently weighed in on ASO shares. Evercore ISI downgraded Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Wedbush reiterated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Robert W. Baird reduced their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Telsey Advisory Group reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, Truist Financial lifted their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at about $40,000. TD Private Client Wealth LLC purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at about $40,000. Farther Finance Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after buying an additional 366 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at about $58,000.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $55.22 on Friday. Academy Sports and Outdoors has a 1-year low of $44.73 and a 1-year high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The business has a fifty day moving average price of $53.75 and a 200-day moving average price of $54.03. The company has a market capitalization of $3.83 billion, a PE ratio of 9.07, a PEG ratio of 1.23 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business earned $1.38 earnings per share. Academy Sports and Outdoors’s revenue was down 3.9% compared to the same quarter last year. As a group, equities analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.80%. Academy Sports and Outdoors’s payout ratio is currently 7.22%.

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.