Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Average Rating of “Hold” from Brokerages

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has been assigned an average rating of “Hold” from the fifteen brokerages that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $61.67.

Several analysts recently weighed in on ASO shares. Robert W. Baird cut their price objective on shares of 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. Truist Financial lifted their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Telsey Advisory Group cut their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. TD Cowen lifted their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Wedbush reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th.

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its stake in Academy Sports and Outdoors by 15.3% in the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after acquiring an additional 1,422,971 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $52,402,000. Norges Bank acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $47,436,000. Stephens Investment Management Group LLC lifted its stake in Academy Sports and Outdoors by 331.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock valued at $55,210,000 after acquiring an additional 737,212 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $42,320,000.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $53.56 on Tuesday. The firm has a market cap of $3.72 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.04 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. Academy Sports and Outdoors has a 1-year low of $44.73 and a 1-year high of $75.73. The firm has a fifty day moving average of $55.03 and a two-hundred day moving average of $53.87.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business posted $1.38 earnings per share. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, research analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.82%. The ex-dividend date 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.