Brokerages Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) PT at $66.27

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $66.27.

Several equities research analysts have commented on ASO shares. Jefferies Financial Group started coverage on Academy Sports and Outdoors in a research note on Friday, April 12th. They set a “buy” rating and a $85.00 price objective for the company. TD Cowen cut their price objective on Academy Sports and Outdoors from $82.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Telsey Advisory Group restated an “outperform” rating and set a $75.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday, June 11th. UBS Group cut Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $81.00 to $58.00 in a report on Wednesday, June 12th. Finally, Wedbush lowered their target price on Academy Sports and Outdoors from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th.

Get Our Latest Analysis on Academy Sports and Outdoors

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock opened at $54.77 on Thursday. The company has a quick ratio of 0.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $42.83 and a twelve month high of $75.73. The business has a 50-day moving average price of $56.30 and a 200 day moving average price of $62.28. The firm has a market cap of $3.95 billion, a PE ratio of 8.37, a P/E/G ratio of 0.90 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last posted its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.11). Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the firm posted $1.19 earnings per share. Academy Sports and Outdoors’s quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict that Academy Sports and Outdoors will post 6.4 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Thursday, June 20th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.73%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the transaction, the director now directly owns 7,870 shares in the company, valued at $472,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is owned by insiders.

Institutional Trading of Academy Sports and Outdoors

A number of large investors have recently modified their holdings of the stock. Trust Investment Advisors increased its position in shares of Academy Sports and Outdoors by 1.2% during the fourth quarter. Trust Investment Advisors now owns 14,792 shares of the company’s stock worth $976,000 after acquiring an additional 172 shares during the period. Meritage Portfolio Management increased its position in shares of Academy Sports and Outdoors by 2.1% during the fourth quarter. Meritage Portfolio Management now owns 8,337 shares of the company’s stock worth $550,000 after acquiring an additional 174 shares during the period. SkyView Investment Advisors LLC increased its holdings in Academy Sports and Outdoors by 14.2% in the third quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock valued at $93,000 after buying an additional 245 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Academy Sports and Outdoors by 3.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock valued at $548,000 after buying an additional 250 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in Academy Sports and Outdoors by 4.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 5,980 shares of the company’s stock valued at $395,000 after buying an additional 265 shares during the last quarter.

Academy Sports and Outdoors Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

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