Brokerages Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) PT at $61.67

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned an average rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $61.13.

ASO has been the topic of several recent research reports. UBS Group lowered their price target on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday. Truist Financial upped their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group reiterated an “outperform” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Monday. Robert W. Baird decreased their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, TD Cowen upped their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th.

Institutional Trading of Academy Sports and Outdoors

Several hedge funds have recently modified their holdings of ASO. TD Private Client Wealth LLC acquired a new stake in Academy Sports and Outdoors in the third quarter valued at approximately $40,000. AlphaQuest LLC raised its holdings in shares of Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after purchasing an additional 496 shares in the last quarter. Farther Finance Advisors LLC raised 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 purchasing an additional 366 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after buying an additional 915 shares in the last quarter. Finally, LGT Financial Advisors LLC raised its stake in Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after buying an additional 1,000 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $47.57 on Friday. The stock’s fifty day moving average is $51.53 and its two-hundred day moving average is $53.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The firm has a market capitalization of $3.30 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors has a fifty-two week low of $43.16 and a fifty-two week high of $72.16.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.09%. Academy Sports and Outdoors’s dividend payout ratio is 8.54%.

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.