Academy Sports and Outdoors (NASDAQ:ASO) Given New $60.00 Price Target at Citigroup

Academy Sports and Outdoors (NASDAQ:ASO) had its price target lowered by Citigroup from $65.00 to $60.00 in a research note published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently issued reports on ASO. Telsey Advisory Group reiterated an “outperform” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Truist Financial raised their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Robert W. Baird reduced their price objective on shares of 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. Finally, TD Cowen lifted their price target 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. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Hold” and an average price target of $61.33.

Academy Sports and Outdoors Stock Up 3.6 %

NASDAQ:ASO opened at $46.72 on Monday. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $51.98 and its two-hundred day moving average is $53.36. Academy Sports and Outdoors has a 52 week low of $43.16 and a 52 week high of $72.43. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Academy Sports and Outdoors by 2.6% during the 3rd 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. boosted its position in Academy Sports and Outdoors by 66.4% in the third quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock valued at $5,582,000 after buying an additional 38,155 shares in the last quarter. FMR LLC boosted its position 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 buying an additional 1,422,971 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Academy Sports and Outdoors by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock worth $40,974,000 after purchasing an additional 90,592 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new position in shares of Academy Sports and Outdoors during the third quarter worth approximately $633,000.

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.