Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Average Recommendation of “Hold” by Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have received an average recommendation of “Hold” from the fifteen research firms that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $61.67.

ASO has been the topic of a number of recent research reports. Citigroup initiated coverage on Academy Sports and Outdoors in a research note on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price on the stock. TD Cowen increased their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Telsey Advisory Group lowered 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. Robert W. Baird reduced 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 report on Wednesday, December 11th. Finally, Truist Financial increased their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently bought and sold shares of ASO. Geode Capital Management LLC grew its holdings in Academy Sports and Outdoors by 2.6% in the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after purchasing an additional 50,715 shares during the period. Citigroup Inc. lifted its position in shares of Academy Sports and Outdoors by 66.4% during the third quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock valued at $5,582,000 after purchasing an additional 38,155 shares in the last quarter. FMR LLC lifted its position in shares of Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after purchasing an additional 1,422,971 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Academy Sports and Outdoors by 21.3% during the third quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company’s stock valued at $12,983,000 after purchasing an additional 39,134 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of Academy Sports and Outdoors during the third quarter valued at about $633,000.

Academy Sports and Outdoors Stock Performance

ASO opened at $55.46 on Friday. Academy Sports and Outdoors has a 52-week low of $44.73 and a 52-week high of $75.73. The firm has a market capitalization of $3.85 billion, a PE ratio of 9.11, a PEG ratio of 1.24 and a beta of 1.25. 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 business’s 50-day simple moving average is $53.27 and its 200 day simple moving average is $53.96.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). The business had revenue of $1.34 billion during 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 quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 EPS. As a group, sell-side analysts expect that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were paid 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 of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is currently 7.22%.

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.