Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Average Rating of “Hold” by Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have received an average recommendation of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $58.0714.

A number of equities research analysts have recently commented on the company. UBS Group cut their price objective on Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. Weiss Ratings cut Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. cut their target price on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. Stephens started coverage on Academy Sports and Outdoors in a report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 target price for the company. Finally, The Goldman Sachs Group decreased their price target on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ASO. Verity Asset Management Inc. raised its holdings in shares of 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 valued at $1,638,000 after acquiring an additional 182 shares during the period. Smartleaf Asset Management LLC boosted its stake in Academy Sports and Outdoors by 12.1% in the 4th 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. boosted its stake in Academy Sports and Outdoors by 3.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 5,599 shares of the company’s stock worth $280,000 after purchasing an additional 202 shares during the period. PNC Financial Services Group Inc. boosted its stake in Academy Sports and Outdoors by 2.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,464 shares of the company’s stock worth $373,000 after purchasing an additional 202 shares during the period. Finally, CIBC Asset Management Inc grew its position in Academy Sports and Outdoors by 3.5% during the 4th quarter. CIBC Asset Management Inc now owns 6,721 shares of the company’s stock worth $336,000 after purchasing an additional 228 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $43.50 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36. The firm’s 50 day moving average is $47.47 and its 200-day moving average is $52.47. Academy Sports and Outdoors has a 12-month low of $41.29 and a 12-month high of $62.44. The stock has a market capitalization of $2.70 billion, a P/E ratio of 7.66, a P/E/G ratio of 0.62 and a beta of 1.06.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior 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. Equities research analysts anticipate that Academy Sports and Outdoors will post 6.08 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

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