Analysts Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Price Target at $59.87

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $58.9375.

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday. Jefferies Financial Group reaffirmed 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. Wells Fargo & Company reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday. Stephens started coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 target price on the stock. Finally, Truist Financial dropped their price target on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Wednesday.

Academy Sports and Outdoors Stock Down 2.5%

NASDAQ:ASO opened at $51.01 on Monday. The firm’s 50-day moving average price is $54.03 and its 200-day moving average price is $54.74. The company has a market capitalization of $3.16 billion, a PE ratio of 8.98, a P/E/G ratio of 0.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.44. Academy Sports and Outdoors has a 1-year low of $41.29 and a 1-year high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. On average, equities analysts predict that Academy Sports and Outdoors will post 6.07 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, June 18th will be paid a $0.15 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. Academy Sports and Outdoors’s payout ratio is presently 10.56%.

Insider Transactions at Academy Sports and Outdoors

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

Hedge Funds Weigh In On Academy Sports and Outdoors

Hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its stake in Academy Sports and Outdoors by 139.8% in the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 281 shares in the last quarter. Huntington National Bank boosted its stake in Academy Sports and Outdoors by 47.3% in the 3rd quarter. Huntington National Bank now owns 1,015 shares of the company’s stock worth $51,000 after purchasing an additional 326 shares in the last quarter. Bayforest Capital Ltd bought a new position in Academy Sports and Outdoors in the 4th quarter worth about $51,000. EverSource Wealth Advisors LLC boosted its stake in Academy Sports and Outdoors by 38.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after purchasing an additional 258 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Academy Sports and Outdoors by 117.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock worth $56,000 after purchasing an additional 602 shares in 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.