Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $59.89 Consensus Price Target from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been given a consensus recommendation of “Moderate Buy” by the twenty ratings firms that are currently covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $59.8889.

ASO has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Friday, January 2nd. Truist Financial set a $59.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, January 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, December 9th. Evercore ISI boosted their price target on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 14th. Finally, Bank of America upped their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th.

Insider Activity

In related news, Director Brian T. Marley sold 3,500 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $55.01, for a total value of $192,535.00. Following the completion of the sale, the director owned 39,107 shares of the company’s stock, valued at approximately $2,151,276.07. This represents a 8.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.62% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Everstar Asset Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $390,000. Isthmus Partners LLC grew its stake in shares of Academy Sports and Outdoors by 2.4% in the fourth quarter. Isthmus Partners LLC now owns 62,641 shares of the company’s stock worth $3,130,000 after acquiring an additional 1,451 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Academy Sports and Outdoors by 11.6% during the fourth quarter. Bessemer Group Inc. now owns 483,990 shares of the company’s stock worth $24,181,000 after acquiring an additional 50,186 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Academy Sports and Outdoors by 2.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,284 shares of the company’s stock valued at $764,000 after acquiring an additional 300 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Academy Sports and Outdoors in the fourth quarter valued at $212,000.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $57.12 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.71. The stock has a market capitalization of $3.81 billion, a PE ratio of 10.44, a P/E/G ratio of 1.04 and a beta of 1.26. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $60.32. The company has a fifty day moving average of $54.03 and a two-hundred day moving average of $51.40.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. As a group, research analysts forecast that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, December 18th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.52 dividend on an annualized basis and a yield of 0.9%. Academy Sports and Outdoors’s payout ratio is 9.51%.

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.