Academy Sports and Outdoors (NASDAQ:ASO) Given New $60.00 Price Target at Robert W. Baird

Academy Sports and Outdoors (NASDAQ:ASO) had its target price trimmed by Robert W. Baird from $65.00 to $60.00 in a report published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

ASO has been the topic of a number of other reports. Telsey Advisory Group reissued an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday, March 17th. UBS Group dropped their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday. Wedbush reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Truist Financial increased their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.38.

Academy Sports and Outdoors Trading Down 0.4 %

ASO opened at $47.23 on Friday. The stock has a market capitalization of $3.28 billion, a PE ratio of 7.76, a P/E/G ratio of 1.02 and a beta of 1.25. The firm’s fifty day moving average price is $51.09 and its 200 day moving average price is $53.16. 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 12-month low of $43.16 and a 12-month high of $68.96.

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

Academy Sports and Outdoors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio is currently 8.54%.

Hedge Funds Weigh In On Academy Sports and Outdoors

Institutional investors and hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC bought a new position in Academy Sports and Outdoors in the 3rd quarter valued at about $40,000. AlphaQuest LLC grew its position in Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after buying an additional 496 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Academy Sports and Outdoors by 1,307.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after buying an additional 915 shares in the last quarter. LGT Financial Advisors LLC boosted its position in shares of Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after purchasing an additional 843 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.