Academy Sports and Outdoors (NASDAQ:ASO) Given New $55.00 Price Target at UBS Group

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective trimmed by UBS Group from $58.00 to $55.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts also recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Citigroup cut their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday. 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 note on Wednesday, January 8th. 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 note on Wednesday, December 11th. Finally, Truist Financial boosted their target price 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. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Hold” and an average price target of $61.13.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $46.39 on Tuesday. 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 company’s fifty day moving average price is $51.75 and its 200-day moving average price is $53.30. Academy Sports and Outdoors has a 1-year low of $43.16 and a 1-year high of $72.35. The firm has a market capitalization of $3.22 billion, a PE ratio of 7.62, 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. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio is currently 8.54%.

Institutional Trading of Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently made changes to their positions in ASO. TD Private Client Wealth LLC acquired a new stake in Academy Sports and Outdoors in the 3rd quarter valued at $40,000. AlphaQuest LLC grew its position in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after purchasing an additional 496 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after purchasing an additional 915 shares during the period. LGT Financial Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after purchasing an additional 843 shares during the last quarter.

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.