Brokerages Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) PT at $62.50

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has received an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $62.50.

ASO has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. JPMorgan Chase & Co. cut Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $76.00 to $53.00 in a research note on Monday, August 5th. Truist Financial increased their price target on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Finally, Jefferies Financial Group reduced their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th.

Academy Sports and Outdoors Stock Performance

ASO opened at $56.09 on Wednesday. Academy Sports and Outdoors has a twelve month low of $43.07 and a twelve month high of $75.73. The firm has a market capitalization of $4.05 billion, a PE ratio of 8.58, a PEG ratio of 1.04 and a beta of 1.34. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $55.92 and its 200 day moving average price is $55.39.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.07. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.01 EPS. As a group, sell-side analysts expect that Academy Sports and Outdoors will post 6.03 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 annualized dividend and a yield of 0.78%. Academy Sports and Outdoors’s payout ratio is 6.73%.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 owns 8,906 shares in the company, valued at $552,172. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.19% of the stock is owned by corporate insiders.

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently bought and sold shares of the business. Raymond James & Associates boosted its holdings in shares of Academy Sports and Outdoors by 2.3% in the 3rd quarter. Raymond James & Associates now owns 40,116 shares of the company’s stock valued at $2,341,000 after buying an additional 892 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Academy Sports and Outdoors during the third quarter worth about $40,000. AlphaMark Advisors LLC increased its position in shares of Academy Sports and Outdoors by 18.5% during the third quarter. AlphaMark Advisors LLC now owns 6,414 shares of the company’s stock worth $374,000 after purchasing an additional 1,002 shares in the last quarter. Hunter Perkins Capital Management LLC lifted its holdings in shares of Academy Sports and Outdoors by 24.3% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 23,155 shares of the company’s stock valued at $1,351,000 after purchasing an additional 4,520 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Academy Sports and Outdoors by 49.3% in the 3rd quarter. Creative Planning now owns 23,196 shares of the company’s stock valued at $1,354,000 after purchasing an additional 7,657 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.