Academy Sports and Outdoors’ (ASO) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research note released on Monday,Benzinga reports. The firm currently has a $60.00 price objective on the stock.

Other analysts also recently issued reports about the company. Robert W. Baird dropped their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Truist Financial raised their price objective 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. Wedbush reaffirmed 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. Citigroup started coverage on Academy Sports and Outdoors in a research note on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, TD Cowen lifted their target price on 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. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors has a consensus rating of “Hold” and a consensus target price of $61.33.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO opened at $46.72 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The stock’s fifty day moving average price is $51.98 and its two-hundred day moving average price is $53.36. Academy Sports and Outdoors has a one year low of $43.16 and a one year high of $72.43. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.13 per share. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.11%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 8.54%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several hedge funds have recently modified their holdings of ASO. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Academy Sports and Outdoors in the 4th quarter valued at about $5,520,000. Mackenzie Financial Corp increased its holdings in shares of Academy Sports and Outdoors by 395.5% during the 4th quarter. Mackenzie Financial Corp now owns 23,153 shares of the company’s stock worth $1,332,000 after buying an additional 18,480 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Academy Sports and Outdoors in the 4th quarter valued at approximately $3,581,000. CSS LLC IL lifted its stake in shares of Academy Sports and Outdoors by 52.2% during the fourth quarter. CSS LLC IL now owns 7,610 shares of the company’s stock valued at $438,000 after buying an additional 2,610 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Academy Sports and Outdoors by 15.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 154,257 shares of the company’s stock worth $8,874,000 after purchasing an additional 20,903 shares during the period.

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.