Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $61.33 Average Price Target from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $61.33.

A number of analysts recently issued reports on the company. Loop Capital reissued a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Telsey Advisory Group reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. TD Cowen boosted their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group lowered their price target on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $56.86 on Monday. The company’s 50-day moving average is $52.28 and its two-hundred day moving average is $53.73. 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 0.41. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.06 and a beta of 1.31.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 earnings per share. Analysts forecast that Academy Sports and Outdoors will post 5.92 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 7.22%.

Institutional Investors Weigh In On Academy Sports and Outdoors

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

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.