Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $58.43 Average Price Target from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned an average rating of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat reports. Eleven research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $58.5714.

Several research analysts have commented on the stock. Truist Financial set a $54.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday. Barclays lifted their price target on Academy Sports and Outdoors from $49.00 to $55.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research report on Monday, December 29th. B. Riley Financial reaffirmed a “buy” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, April 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $61.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, March 17th.

Academy Sports and Outdoors Trading Down 2.5%

Shares of Academy Sports and Outdoors stock opened at $56.77 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.89 and a debt-to-equity ratio of 0.22. Academy Sports and Outdoors has a 12-month low of $35.95 and a 12-month high of $62.44. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 0.90 and a beta of 1.21. The firm’s 50-day moving average price is $57.31 and its two-hundred day moving average price is $53.71.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, March 17th. The company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.08). Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. Academy Sports and Outdoors’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts forecast that Academy Sports and Outdoors will post 5.95 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 20th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, March 20th. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. Academy Sports and Outdoors’s dividend payout ratio is 10.79%.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 4,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the transaction, the director owned 7,835 shares of the company’s stock, valued at $470,100. This represents a 33.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC increased its stake in shares of Academy Sports and Outdoors by 139.8% in the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $26,000 after buying an additional 281 shares during the period. Nisa Investment Advisors LLC boosted its position in Academy Sports and Outdoors by 32.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after buying an additional 252 shares during the period. Huntington National Bank grew its holdings in Academy Sports and Outdoors by 47.3% during the 3rd quarter. Huntington National Bank now owns 1,015 shares of the company’s stock worth $51,000 after acquiring an additional 326 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Academy Sports and Outdoors during the fourth quarter valued at $51,000. Finally, Hantz Financial Services Inc. raised its stake in shares of 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 valued at $56,000 after acquiring an additional 602 shares during the last quarter.

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.