Academy Sports and Outdoors (NASDAQ:ASO) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research note issued to investors on Monday morning,FinViz reports. The brokerage issued an overweight rating and a $89.00 target price on the stock.

Other equities research analysts also recently issued research reports about the stock. UBS Group upped their target price on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, September 10th. Wells Fargo & Company upgraded shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. Barclays lifted their price target on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 10th. BMO Capital Markets set a $42.00 price target on shares of Academy Sports and Outdoors and gave the company a “market perform” rating in a report on Thursday, September 10th. Finally, Telsey Advisory Group upped their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.71.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $71.18 on Monday. The stock has a market cap of $4.38 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 0.94 and a beta of 0.94. Academy Sports and Outdoors has a 1 year low of $41.29 and a 1 year high of $71.29. The stock’s 50-day moving average price is $53.99 and its two-hundred day moving average price is $53.07. The company has a current ratio of 1.74, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.24. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%. Academy Sports and Outdoors’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.94 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. On average, equities analysts predict that Academy Sports and Outdoors will post 6.24 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 16th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 16th. Academy Sports and Outdoors’s payout ratio is currently 10.00%.

Insider Activity

In other news, President Samuel J. Johnson sold 70,303 shares of the 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 completion of the transaction, the president directly owned 36,861 shares in the company, valued at $1,909,031.19. This represents a 65.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brian Marley sold 10,432 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total value of $555,504.00. Following the transaction, the director directly owned 32,607 shares in the company, valued at $1,736,322.75. This trade represents a 24.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 106,315 shares of company stock worth $5,576,537 over the last three months. Insiders own 4.08% of the company’s stock.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds have recently made changes to their positions in ASO. Farther Finance Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 52.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 736 shares of the company’s stock worth $35,000 after buying an additional 252 shares during the last quarter. Heritage Family Offices LLP acquired a new position in Academy Sports and Outdoors in the 3rd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. bought a new position in Academy Sports and Outdoors in the 2nd quarter valued at about $38,000. EverSource Wealth Advisors LLC raised its holdings in Academy Sports and Outdoors by 38.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock valued at $52,000 after acquiring an additional 258 shares during the period. Finally, State of Wyoming bought a new position in Academy Sports and Outdoors in the 2nd quarter valued at about $55,000.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer that sells products through its stores and e-commerce platform. Its merchandise includes sports and fitness equipment, outdoor and camping gear, hunting and fishing supplies, apparel, footwear and recreation products.

The company serves customers primarily in the southern and eastern United States through a network of retail locations. Its stores offer products for a range of sports and outdoor activities, as well as items for everyday use.

Founded in 1938, Academy began as a family-owned business in Texas and grew into a regional sporting goods retailer.