Academy Sports and Outdoors (NASDAQ:ASO) Price Target Cut to $70.00 by Analysts at Evercore ISI

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective decreased by Evercore ISI from $75.00 to $70.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on ASO. Wedbush reaffirmed an outperform rating and issued a $80.00 price target on shares of Academy Sports and Outdoors in a report on Monday, April 1st. Truist Financial reissued a buy rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th. JPMorgan Chase & Co. raised their target price on Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an overweight rating in a research note on Wednesday, March 20th. Morgan Stanley cut their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set an equal weight rating for the company in a research note on Friday, March 22nd. Finally, Telsey Advisory Group cut their target price on Academy Sports and Outdoors from $83.00 to $75.00 and set an outperform rating for the company in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $74.00.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $57.16 on Tuesday. The company has a market cap of $4.25 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.84 and a beta of 1.35. The stock’s 50 day simple moving average is $67.17 and its 200-day simple moving average is $59.37. Academy Sports and Outdoors has a 1-year low of $42.83 and a 1-year high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.51.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were paid a $0.11 dividend. The ex-dividend date was Monday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. Academy Sports and Outdoors’s payout ratio is presently 6.55%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ASO. Vaughan Nelson Investment Management L.P. lifted its holdings in Academy Sports and Outdoors by 74.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 687,135 shares of the company’s stock worth $46,410,000 after buying an additional 294,215 shares during the last quarter. Aviance Capital Partners LLC lifted its holdings in Academy Sports and Outdoors by 4.5% during the 1st quarter. Aviance Capital Partners LLC now owns 51,647 shares of the company’s stock worth $3,488,000 after buying an additional 2,210 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new stake in Academy Sports and Outdoors during the 1st quarter worth about $301,000. Hennessy Advisors Inc. lifted its holdings in Academy Sports and Outdoors by 44.1% during the 1st quarter. Hennessy Advisors Inc. now owns 73,900 shares of the company’s stock worth $4,991,000 after buying an additional 22,600 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in Academy Sports and Outdoors during the 1st quarter worth about $68,000.

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.