Analysts Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Price Target at $58.29

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $58.2857.

A number of brokerages have recently issued reports on ASO. Barclays boosted 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. JPMorgan Chase & Co. lowered their target price on shares of 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. UBS Group upped their price target on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, September 10th. Truist Financial increased their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday, September 10th. Finally, BMO Capital Markets set a $42.00 price objective on Academy Sports and Outdoors and gave the stock a “market perform” rating in a research report on Thursday, September 10th.

Academy Sports and Outdoors Trading Down 2.8%

NASDAQ ASO opened at $48.29 on Wednesday. The business’s 50-day moving average price is $47.60 and its two-hundred day moving average price is $51.30. Academy Sports and Outdoors has a 12 month low of $41.29 and a 12 month high of $62.44. The firm has a market capitalization of $2.97 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.02. 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 issued its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.24. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%.The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company earned $1.94 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. On average, analysts expect that Academy Sports and Outdoors will post 6.21 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, September 16th. Academy Sports and Outdoors’s payout ratio is presently 10.00%.

Insider Activity at Academy Sports and Outdoors

In other news, Director Brian T. Marley sold 10,432 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $53.25, for a total transaction of $555,504.00. Following the completion of the sale, the director owned 32,607 shares of the company’s stock, valued at $1,736,322.75. This trade represents a 24.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Samuel Johnson sold 70,303 shares of Academy Sports and Outdoors stock in a transaction on 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 sale, the president owned 36,861 shares of the company’s stock, valued at $1,909,031.19. This represents a 65.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 106,315 shares of company stock worth $5,576,537. Insiders own 4.08% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

Large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Academy Sports and Outdoors in the second quarter valued at $468,146,000. Kingsview Wealth Management LLC bought a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $2,660,000. Fund 1 Investments LLC acquired a new stake in shares of Academy Sports and Outdoors in the 2nd quarter worth about $1,414,000. Systematic Financial Management LP raised its holdings in shares of Academy Sports and Outdoors by 22.7% in the 4th quarter. Systematic Financial Management LP now owns 319,748 shares of the company’s stock worth $15,975,000 after acquiring an additional 59,051 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its position in Academy Sports and Outdoors by 12.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company’s stock valued at $78,591,000 after acquiring an additional 176,463 shares in the last quarter.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer based in Katy, Texas. The company operates stores and an e-commerce platform serving customers across the southern, southeastern and midwestern United States.

Its merchandise includes sporting goods and equipment, outdoor and adventure products, hunting and fishing gear, athletic and casual footwear, apparel, and related accessories. Academy serves a broad customer base through a value-oriented assortment of national brands and private-label products.

The company traces its history to 1938, when it was founded in San Antonio, Texas, as a small tire shop.