Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $80.00 at Wells Fargo & Company

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective cut by Wells Fargo & Company from $83.00 to $80.00 in a report published on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts also recently commented on ASO. Robert W. Baird boosted their target price on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an outperform rating in a research report on Friday, March 22nd. TD Cowen decreased their target price on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an outperform rating for the company in a research report on Friday, March 22nd. B. Riley reissued a buy rating and issued a $72.00 target price (up from $65.00) on shares of Academy Sports and Outdoors in a research report on Monday, March 25th. Wedbush reaffirmed an outperform rating and set a $80.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, April 1st. Finally, Jefferies Financial Group initiated coverage on shares of Academy Sports and Outdoors in a report on Friday, April 12th. They set a buy rating and a $85.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $73.82.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $59.07 on Thursday. The company’s 50 day moving average price is $66.36 and its 200 day moving average price is $59.78. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73. The company has a market capitalization of $4.36 billion, a PE ratio of 8.79, a PEG ratio of 0.86 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were paid a $0.11 dividend. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.74%. Academy Sports and Outdoors’s dividend payout ratio is currently 6.55%.

Insider Buying and Selling

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now owns 7,870 shares in the company, valued at approximately $472,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently added to or reduced their stakes in ASO. Voss Capital LLC grew its holdings in Academy Sports and Outdoors by 5.9% during the 3rd quarter. Voss Capital LLC now owns 710,000 shares of the company’s stock worth $33,562,000 after acquiring an additional 39,258 shares during the last quarter. Hunter Perkins Capital Management LLC bought a new position in Academy Sports and Outdoors during the 3rd quarter worth approximately $359,000. Commonwealth Equity Services LLC boosted its stake in Academy Sports and Outdoors by 13.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,497 shares of the company’s stock worth $449,000 after acquiring an additional 1,145 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Academy Sports and Outdoors by 6.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 39,639 shares of the company’s stock worth $1,874,000 after acquiring an additional 2,273 shares during the last quarter. Finally, Foster & Motley Inc. boosted its stake in Academy Sports and Outdoors by 5.5% during the 3rd quarter. Foster & Motley Inc. now owns 14,347 shares of the company’s stock worth $678,000 after acquiring an additional 748 shares during 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.