Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Consensus Rating of “Moderate Buy” from Analysts

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $58.5333.

ASO has been the topic of a number of analyst reports. Guggenheim increased their price target on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. B. Riley Financial reiterated a “buy” rating on shares of Academy Sports and Outdoors in a report on Wednesday, April 8th. The Goldman Sachs Group reduced their target price on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, June 10th. JPMorgan Chase & Co. lowered their price target on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. Finally, Truist Financial reduced their price objective on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Wednesday, June 10th.

Institutional Trading of Academy Sports and Outdoors

Several hedge funds have recently added to or reduced their stakes in the business. Verity Asset Management Inc. lifted its holdings in Academy Sports and Outdoors by 0.6% during the fourth quarter. Verity Asset Management Inc. now owns 32,788 shares of the company’s stock worth $1,638,000 after acquiring an additional 182 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Academy Sports and Outdoors by 12.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,742 shares of the company’s stock worth $86,000 after purchasing an additional 188 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in shares of Academy Sports and Outdoors by 3.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 5,599 shares of the company’s stock valued at $280,000 after purchasing an additional 202 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Academy Sports and Outdoors by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,464 shares of the company’s stock valued at $373,000 after purchasing an additional 202 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Academy Sports and Outdoors by 3.5% in the 4th quarter. CIBC Asset Management Inc now owns 6,721 shares of the company’s stock valued at $336,000 after purchasing an additional 228 shares during the period.

Academy Sports and Outdoors Stock Down 1.9%

NASDAQ ASO opened at $47.45 on Tuesday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 0.69 and a beta of 1.05. Academy Sports and Outdoors has a 52 week low of $41.29 and a 52 week high of $62.44. 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 has a fifty day moving average of $49.39 and a 200-day moving average of $53.87.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. On average, equities research analysts forecast that Academy Sports and Outdoors will post 6.08 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. 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.