Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $59.87 Average PT from Brokerages

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has received a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $58.9375.

ASO has been the subject of several research analyst reports. Barclays lowered their price objective on Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday. Truist Financial lowered their price objective on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a report on Wednesday, June 10th. Wells Fargo & Company reissued a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday. UBS Group dropped their price objective on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $60.00, for a total transaction of $240,000.00. Following the sale, the director owned 7,835 shares of the company’s stock, valued at approximately $470,100. The trade was a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.62% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently made changes to their positions in the business. Salomon & Ludwin LLC raised its holdings in Academy Sports and Outdoors by 139.8% during the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 281 shares in the last quarter. Huntington National Bank raised its holdings in Academy Sports and Outdoors by 47.3% during the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock worth $51,000 after purchasing an additional 326 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Academy Sports and Outdoors during the fourth quarter worth approximately $51,000. EverSource Wealth Advisors LLC raised its holdings in Academy Sports and Outdoors by 38.9% during the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after purchasing an additional 258 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Academy Sports and Outdoors by 117.8% during the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock worth $56,000 after purchasing an additional 602 shares in the last quarter.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $51.01 on Monday. Academy Sports and Outdoors has a 1 year low of $41.29 and a 1 year high of $62.44. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.74 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68. The stock’s 50-day simple moving average is $54.03 and its 200-day simple moving average is $54.80.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, equities analysts anticipate that Academy Sports and Outdoors will post 6.07 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 18th. Academy Sports and Outdoors’s payout ratio is 10.56%.

About Academy Sports and Outdoors

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.