Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $58.7778.

Several analysts have recently weighed in on the company. Evercore ISI lifted their price objective on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a report on Tuesday, August 26th. Bank of America decreased their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 11th. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, September 8th. Citigroup lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Finally, UBS Group reissued a “neutral” rating and issued a $52.00 price objective on shares of Academy Sports and Outdoors in a research note on Sunday, August 31st.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $46.47 on Friday. Academy Sports and Outdoors has a 1-year low of $33.34 and a 1-year high of $64.61. The firm has a market capitalization of $3.10 billion, a PE ratio of 8.70, a PEG ratio of 0.97 and a beta of 1.30. The business’s 50 day moving average is $52.05 and its 200-day moving average is $46.24. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business posted $1.08 EPS. Academy Sports and Outdoors’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts predict that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. Academy Sports and Outdoors’s payout ratio is currently 9.74%.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the business’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the transaction, the director owned 7,084 shares of the company’s stock, valued at approximately $315,096.32. The trade was a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.62% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC raised its position in shares of Academy Sports and Outdoors by 7.3% during the first quarter. CWM LLC now owns 3,888 shares of the company’s stock worth $177,000 after acquiring an additional 266 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of Academy Sports and Outdoors by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company’s stock worth $678,000 after acquiring an additional 275 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Academy Sports and Outdoors by 4.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company’s stock worth $299,000 after acquiring an additional 283 shares during the last quarter. Moody National Bank Trust Division raised its position in shares of Academy Sports and Outdoors by 1.7% during the first quarter. Moody National Bank Trust Division now owns 17,636 shares of the company’s stock worth $804,000 after acquiring an additional 287 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Academy Sports and Outdoors by 5.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,631 shares of the company’s stock worth $252,000 after acquiring an additional 288 shares during the last quarter.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.