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

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective reduced by UBS Group from $58.00 to $55.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently issued reports on ASO. Truist Financial lifted their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Robert W. Baird cut their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Citigroup dropped their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Wedbush restated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.13.

Academy Sports and Outdoors Trading Down 0.3 %

Shares of NASDAQ ASO opened at $47.42 on Tuesday. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $68.96. The business has a fifty day simple moving average of $51.30 and a two-hundred day simple moving average of $53.22. The firm has a market cap of $3.29 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $2.21 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. Analysts expect that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared 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 1.10%. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s payout ratio is presently 8.54%.

Institutional Trading of Academy Sports and Outdoors

Several large investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Academy Sports and Outdoors during the 4th quarter valued at about $5,520,000. Mackenzie Financial Corp grew its stake in Academy Sports and Outdoors by 395.5% during the 4th quarter. Mackenzie Financial Corp now owns 23,153 shares of the company’s stock valued at $1,332,000 after purchasing an additional 18,480 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Academy Sports and Outdoors in the 4th quarter valued at about $3,581,000. CSS LLC IL lifted its holdings in shares of Academy Sports and Outdoors by 52.2% in the 4th quarter. CSS LLC IL now owns 7,610 shares of the company’s stock valued at $438,000 after buying an additional 2,610 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Academy Sports and Outdoors by 15.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 154,257 shares of the company’s stock valued at $8,874,000 after buying an additional 20,903 shares during the period.

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.