Academy Sports and Outdoors (ASO) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Academy Sports and Outdoors (NASDAQ: ASO) recently:

• 12/11/2024 – Academy Sports and Outdoors had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $65.00 price target on the stock.
• 12/11/2024 – Academy Sports and Outdoors had its price target lowered by analysts at Robert W. Baird from $68.00 to $65.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Academy Sports and Outdoors had its price target raised by analysts at Truist Financial Co. from $50.00 to $51.00. They now have a “hold” rating on the stock.
• 12/5/2024 – Academy Sports and Outdoors had its price target lowered by analysts at Telsey Advisory Group from $65.00 to $60.00. They now have an “outperform” rating on the stock.
• 11/19/2024 – Academy Sports and Outdoors was downgraded by analysts at Truist Financial Co. from a “buy” rating to a “hold” rating. They now have a $50.00 price target on the stock, down previously from $63.00.

Academy Sports and Outdoors Trading Up 0.7 %

Shares of NASDAQ ASO traded up $0.39 during trading on Friday, reaching $53.69. The company had a trading volume of 621,951 shares, compared to its average volume of 1,467,099. The company’s fifty day moving average price is $51.47 and its 200-day moving average price is $53.47. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. The stock has a market cap of $3.73 billion, a P/E ratio of 8.82, a PEG ratio of 1.06 and a beta of 1.31. The company has a quick ratio of 0.41, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 EPS. As a group, research analysts expect that Academy Sports and Outdoors, Inc. will post 5.92 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 7.22%.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares of the company’s stock, valued at $552,172. This represents a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

Institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Advisors LLC purchased a new stake in shares of Academy Sports and Outdoors in the first quarter worth $262,000. CWM LLC raised its position in shares of Academy Sports and Outdoors by 36.9% in the second quarter. CWM LLC now owns 4,284 shares of the company’s stock worth $228,000 after buying an additional 1,155 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Academy Sports and Outdoors by 253.1% in the second quarter. SG Americas Securities LLC now owns 14,757 shares of the company’s stock worth $786,000 after buying an additional 10,578 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Academy Sports and Outdoors by 3.6% in the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock worth $409,000 after buying an additional 269 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Academy Sports and Outdoors by 94.7% in the second quarter. Blue Trust Inc. now owns 2,149 shares of the company’s stock worth $114,000 after buying an additional 1,045 shares in the last quarter.

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.