Analysts’ Weekly Ratings Updates for Academy Sports and Outdoors (ASO)

Several analysts have recently updated their ratings and price targets for Academy Sports and Outdoors (NASDAQ: ASO):

• 9/11/2024 – Academy Sports and Outdoors had its price target raised by analysts at Evercore ISI from $60.00 to $65.00. They now have an “outperform” rating on the stock.
• 9/11/2024 – Academy Sports and Outdoors had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $65.00 price target on the stock.
• 9/11/2024 – Academy Sports and Outdoors had its price target raised by analysts at TD Cowen from $54.00 to $56.00. They now have a “hold” rating on the stock.
• 9/11/2024 – Academy Sports and Outdoors had its price target raised by analysts at Wells Fargo & Company from $46.00 to $51.00. They now have an “equal weight” rating on the stock.
• 9/11/2024 – Academy Sports and Outdoors had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $60.00 price target on the stock.
• 9/11/2024 – Academy Sports and Outdoors had its price target lowered by analysts at Jefferies Financial Group Inc. from $68.00 to $64.00. They now have a “buy” rating on the stock.
• 9/11/2024 – Academy Sports and Outdoors had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $77.00 price target on the stock.
• 9/11/2024 – Academy Sports and Outdoors had its price target raised by analysts at Truist Financial Co. from $60.00 to $63.00. They now have a “buy” rating on the stock.
• 9/5/2024 – Academy Sports and Outdoors had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $65.00 price target on the stock.
• 9/5/2024 – Academy Sports and Outdoors had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $65.00 price target on the stock.
• 8/13/2024 – Academy Sports and Outdoors was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $54.00 price target on the stock, down previously from $58.00.
• 8/12/2024 – Academy Sports and Outdoors had its price target lowered by analysts at Wells Fargo & Company from $55.00 to $46.00. They now have an “equal weight” rating on the stock.
• 8/5/2024 – Academy Sports and Outdoors was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $53.00 price target on the stock, down previously from $76.00.

Academy Sports and Outdoors Stock Down 1.0 %

Academy Sports and Outdoors stock opened at $60.25 on Tuesday. The stock’s 50 day moving average price is $54.43 and its 200 day moving average price is $57.00. The company has a market cap of $4.35 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73.

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

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders 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 presently 6.73%.

Insider Activity

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

Institutional Investors Weigh In On Academy Sports and Outdoors

Several hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp acquired a new position in shares of Academy Sports and Outdoors in the 4th quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in Academy Sports and Outdoors during the first quarter worth approximately $35,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors in the first quarter worth $68,000. EverSource Wealth Advisors LLC raised its stake in shares of Academy Sports and Outdoors by 517.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after acquiring an additional 880 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at $73,000.

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.