Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock Has Consensus Price Target of $58.29 According to Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $58.54.

A number of research firms have recently weighed in on ASO. BMO Capital Markets set a $42.00 price target on Academy Sports and Outdoors and gave the company a “market perform” rating in a report on Thursday, September 10th. Truist Financial boosted their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, September 10th. Barclays increased their price objective on Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. UBS Group raised their target price on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, September 10th. Finally, Telsey Advisory Group raised their target price on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, September 10th.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Brian T. Marley sold 10,432 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total transaction of $555,504.00. Following the transaction, the director directly owned 32,607 shares of the company’s stock, valued at approximately $1,736,322.75. This trade represents a 24.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Samuel Johnson sold 70,303 shares of Academy Sports and Outdoors stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total transaction of $3,640,992.37. Following the sale, the president owned 36,861 shares in the company, valued at approximately $1,909,031.19. This represents a 65.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 106,315 shares of company stock valued at $5,576,537. Company insiders own 4.08% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Thor Investment Management Inc. OH ADV lifted its stake in shares of Academy Sports and Outdoors by 3.2% in the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 68,152 shares of the company’s stock worth $3,277,000 after acquiring an additional 2,084 shares during the period. Dupree Financial Group LLC boosted its holdings in shares of Academy Sports and Outdoors by 3.9% in the third quarter. Dupree Financial Group LLC now owns 96,170 shares of the company’s stock valued at $4,625,000 after acquiring an additional 3,606 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Academy Sports and Outdoors by 6.1% during the third quarter. GAMMA Investing LLC now owns 5,045 shares of the company’s stock valued at $243,000 after acquiring an additional 291 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 52.1% during the third quarter. Farther Finance Advisors LLC now owns 736 shares of the company’s stock valued at $35,000 after acquiring an additional 252 shares during the period. Finally, Gradient Investments LLC increased its stake in shares of Academy Sports and Outdoors by 36.5% during the third quarter. Gradient Investments LLC now owns 19,366 shares of the company’s stock valued at $931,000 after acquiring an additional 5,174 shares during the period.

Academy Sports and Outdoors Trading Up 4.8%

Shares of NASDAQ:ASO opened at $58.47 on Friday. The company has a market cap of $3.60 billion, a PE ratio of 9.74, a P/E/G ratio of 0.78 and a beta of 0.98. The company’s 50-day moving average price is $48.75 and its 200 day moving average price is $50.62. Academy Sports and Outdoors has a fifty-two week low of $41.29 and a fifty-two week high of $62.44. The company has a quick ratio of 0.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Wednesday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.24. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $1.94 EPS. Academy Sports and Outdoors’s revenue was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Sell-side analysts anticipate that Academy Sports and Outdoors will post 6.23 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, September 16th. Academy Sports and Outdoors’s payout ratio is 10.00%.

Academy Sports and Outdoors Company Profile

Academy Sports + Outdoors, Inc is a sporting goods retailer that sells equipment, apparel, footwear and related products for sports, outdoor recreation and active lifestyles. Its merchandise includes products for hunting, fishing, camping, boating, fitness, team sports, golf and outdoor living, as well as seasonal goods and licensed sports apparel.

The company operates a chain of retail stores across the southern, southeastern, midwestern and other regions of the United States, along with an e-commerce platform.