Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Average Recommendation of “Hold” from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have received an average recommendation of “Hold” from the seventeen research firms that are covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $58.0714.

ASO has been the subject of a number of research analyst reports. Weiss Ratings cut Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Truist Financial reduced their target price on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Wednesday, June 10th. JPMorgan Chase & Co. reduced their target price 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. Barclays dropped their price target on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 11th. Finally, Stephens began coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, May 13th. They set an “overweight” rating and a $78.00 price target for the company.

Academy Sports and Outdoors Stock Up 0.2%

ASO stock opened at $43.55 on Friday. The company has a 50 day moving average of $47.82 and a two-hundred day moving average of $52.65. Academy Sports and Outdoors has a 12-month low of $41.29 and a 12-month high of $62.44. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.63 and a beta of 1.06.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.44 billion during 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%.Academy Sports and Outdoors’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period 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 analysts anticipate that Academy Sports and Outdoors will post 6.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, June 18th. Academy Sports and Outdoors’s payout ratio is 10.56%.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors have recently modified their holdings of ASO. Royal Bank of Canada grew its stake in shares of Academy Sports and Outdoors by 8.5% during the 1st quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock valued at $2,726,000 after purchasing an additional 4,665 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Academy Sports and Outdoors by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock worth $1,846,000 after buying an additional 1,257 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Academy Sports and Outdoors during the first quarter worth about $223,000. Strs Ohio acquired a new position in Academy Sports and Outdoors in the 1st quarter worth approximately $128,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after acquiring an additional 657 shares during the period.

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.