Academy Sports and Outdoors (NASDAQ:ASO) Earns Buy Rating from Analysts at Citigroup

Citigroup began coverage on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research report released on Wednesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $65.00 price target on the stock.

Several other analysts also recently weighed in on ASO. Wells Fargo & Company boosted their price objective on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Truist Financial upped their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. TD Cowen raised their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, September 11th. Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Finally, Telsey Advisory Group cut their target price on 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. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.33.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $55.64 on Wednesday. The company’s fifty day moving average price is $51.54 and its 200-day moving average price is $53.43. 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 $3.86 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.06 and a beta of 1.31. Academy Sports and Outdoors has a one year low of $44.73 and a one year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 earnings per share. On average, equities research analysts anticipate that Academy Sports and Outdoors will post 5.92 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is 7.22%.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. purchased a new stake in Academy Sports and Outdoors during the 3rd quarter valued at $28,000. V Square Quantitative Management LLC bought a new stake in shares of Academy Sports and Outdoors in the third quarter worth $40,000. TD Private Client Wealth LLC purchased a new stake in Academy Sports and Outdoors during the third quarter valued at $40,000. Farther Finance Advisors LLC lifted its holdings in Academy Sports and Outdoors by 98.4% in the third 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 period. Finally, Future Financial Wealth Managment LLC purchased a new position in Academy Sports and Outdoors in the third quarter worth about $58,000.

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.