Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $61.67 Average PT from Analysts

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has earned a consensus recommendation of “Hold” from the fifteen research firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $61.67.

ASO has been the subject of several recent research reports. TD Cowen upped their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Truist Financial upped their price target on shares of 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 restated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Citigroup assumed coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, 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 report on Wednesday, December 11th.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of large investors have recently made changes to their positions in ASO. FMR LLC increased its holdings in shares of Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after purchasing an additional 1,422,971 shares during the period. William Blair Investment Management LLC acquired a new position in Academy Sports and Outdoors during the fourth quarter valued at approximately $52,402,000. Norges Bank acquired a new position in Academy Sports and Outdoors during the fourth quarter valued at approximately $47,436,000. Stephens Investment Management Group LLC grew its holdings in Academy Sports and Outdoors by 331.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock valued at $55,210,000 after purchasing an additional 737,212 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new position in Academy Sports and Outdoors during the fourth quarter valued at approximately $42,320,000.

Academy Sports and Outdoors Stock Down 0.5 %

ASO stock opened at $50.57 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. Academy Sports and Outdoors has a 1-year low of $44.73 and a 1-year high of $75.73. The firm has a fifty day moving average price of $54.78 and a two-hundred day moving average price of $53.96. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.02 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the firm earned $1.38 EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. Research analysts predict that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 7.22%.

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.