Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $62.86.

Several analysts have commented on the stock. Evercore ISI increased their price target on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Bank of America downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their target price for the company from $75.00 to $63.00 in a research note on Tuesday, June 11th. JPMorgan Chase & Co. downgraded Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. UBS Group cut Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $81.00 to $58.00 in a research report on Wednesday, June 12th. Finally, Truist Financial upped their target price on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $60.34 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average price is $54.43 and its 200-day moving average price is $57.22. The firm has a market cap of $4.35 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.94 and a beta of 1.34. Academy Sports and Outdoors has a 12 month low of $42.83 and a 12 month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business posted $2.01 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts expect that Academy Sports and Outdoors will post 6.25 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.73%.

Insider Buying and Selling

In other news, Director Jeffrey C. Tweedy sold 625 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total value of $33,906.25. Following the sale, the director now owns 10,106 shares in the company, valued at $548,250.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the completion of the transaction, the director now directly owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the sale, the director now directly owns 8,906 shares in the company, valued at $552,172. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in Academy Sports and Outdoors in the 1st quarter worth $35,000. Future Financial Wealth Managment LLC acquired a new position in Academy Sports and Outdoors during the first quarter worth $68,000. EverSource Wealth Advisors LLC lifted its holdings in Academy Sports and Outdoors by 517.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after purchasing an additional 880 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Academy Sports and Outdoors in the fourth quarter valued at about $73,000.

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.