Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $62.50 Average Price Target from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $62.50.

Several research analysts have weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Wedbush restated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Evercore ISI cut Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Truist Financial upped their target price on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, Loop Capital reaffirmed a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the transaction, the director now directly owns 8,906 shares of the company’s stock, valued at $552,172. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.19% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. acquired a new position in Academy Sports and Outdoors in the 2nd quarter worth $174,054,000. Dimensional Fund Advisors LP lifted its stake in shares of Academy Sports and Outdoors by 19.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after acquiring an additional 481,640 shares in the last quarter. LSV Asset Management boosted its holdings in Academy Sports and Outdoors by 4.2% in the second quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after purchasing an additional 69,700 shares during the last quarter. King Luther Capital Management Corp grew its stake in Academy Sports and Outdoors by 1.9% during the 2nd quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock valued at $85,903,000 after purchasing an additional 29,912 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in Academy Sports and Outdoors by 7.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,331,744 shares of the company’s stock worth $70,915,000 after purchasing an additional 90,651 shares during the last quarter.

Academy Sports and Outdoors Trading Down 1.4 %

NASDAQ:ASO opened at $50.00 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $55.32 and its 200-day simple moving average is $54.57. Academy Sports and Outdoors has a 12-month low of $44.56 and a 12-month high of $75.73. The firm has a market cap of $3.52 billion, a P/E ratio of 7.83, a PEG ratio of 0.98 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the company posted $2.01 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts anticipate that Academy Sports and Outdoors will post 6.02 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is currently 6.79%.

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.