Citigroup Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $60.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price target cut by Citigroup from $65.00 to $60.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on ASO. Robert W. Baird reduced their price target on 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday. Wedbush reissued an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. 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 report on Wednesday, January 8th. Finally, Truist Financial upped their price objective 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. Eight equities research 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, the stock has an average rating of “Hold” and a consensus price target of $61.13.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $47.57 on Monday. The company has a market capitalization of $3.30 billion, a P/E ratio of 7.81, a P/E/G ratio of 1.02 and a beta of 1.25. The business’s 50-day moving average is $51.53 and its two-hundred day moving average is $53.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors has a fifty-two week low of $43.16 and a fifty-two week high of $72.16.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.09%. The ex-dividend date is Tuesday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s payout ratio is 8.54%.

Hedge Funds Weigh In On Academy Sports and Outdoors

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. lifted its stake in Academy Sports and Outdoors by 15.3% in the 3rd quarter. Victory Capital Management Inc. now owns 51,988 shares of the company’s stock worth $3,034,000 after purchasing an additional 6,894 shares in the last quarter. KBC Group NV increased its holdings in shares of Academy Sports and Outdoors by 24.3% in the third quarter. KBC Group NV now owns 2,084 shares of the company’s stock valued at $122,000 after purchasing an additional 408 shares during the last quarter. Prudent Man Advisors LLC purchased a new position in Academy Sports and Outdoors during the third quarter worth approximately $205,000. Islay Capital Management LLC acquired a new position in Academy Sports and Outdoors during the third quarter worth $1,299,000. Finally, Aviance Capital Partners LLC grew its holdings in Academy Sports and Outdoors by 39.4% in the 3rd quarter. Aviance Capital Partners LLC now owns 74,859 shares of the company’s stock valued at $4,369,000 after buying an additional 21,160 shares in the last quarter.

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.