Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) earned a consensus “Buy” recommendation from the twelve research firms that currently cover the stock, Marketbeat.com reports. Ten investment analysts gave the stock a buy rating. The 12-month average price target among brokers who have reported on the stock over the past year is $55.55.
A number of brokerages have weighed in on ASO recently. UBS Group reduced its price target on Academy Sports and Outdoors to $55.00 in a Thursday, June 9 research note. Goldman Sachs Group cut its price target on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating for the company in a Wednesday, May 4 research note. Truist Financial began covering Academy Sports and Outdoors in a research note on Wednesday, May 11. They set a “buy” rating and a price target of $53.00 for the company. Loop Capital raised its price target on Academy Sports and Outdoors from $43.00 to $50.00 in a Wednesday, March 30 research note. Finally, Wells Fargo & Company reduced its price target on Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating for the company in a Thursday, March 24 research note.
Shares of Academy Sports and Outdoors opened at $38.75 on Thursday. The stock’s fifty-day moving average is $35.40 and its two-hundred-day moving average is $36.85. The company has a market capitalization of $3.30 billion, a PE ratio of 5.56, a growth price-earnings ratio of 0.59 and a beta of 1.32. The company has a quick ratio of 0.44, a current ratio of 1.56 and a debt ratio of 0.45. Academy Sports and Outdoors has a 52-week minimum of $25.10 and a 52-week maximum of $51.08.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly results on Tuesday, June 7. The company reported earnings per share (EPS) of $1.73 for the quarter, beating analyst consensus estimates of $1.41 by $0.32. Academy Sports and Outdoors had a return on equity of 47.24% and a net margin of 9.66%. The company posted revenue of $1.47 billion for the quarter, versus a consensus estimate of $1.45 billion. In the same quarter of the previous year, the company achieved EPS of $1.89. The company’s revenues were down 7.1% from the same quarter last year. As a group, research analysts expect Academy Sports and Outdoors to post earnings per share of 7.05 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 14. Shareholders of record on Thursday, June 16 will receive a dividend of $0.075. This represents an annualized dividend of $0.30 and a yield of 0.77%. The ex-dividend date is Wednesday, June 15. Academy Sports and Outdoors’ payout ratio is currently 4.30%.
A number of institutional investors and hedge funds have recently changed their holdings in the company. Bailard Inc. increased its position in shares of Academy Sports and Outdoors by 1.8% in the fourth quarter. Bailard Inc. now owns 16,900 shares of the company valued at $742,000 after acquiring 300 more shares last quarter. Meritage Portfolio Management increased its position in shares of Academy Sports and Outdoors by 5.4% in the fourth quarter. Meritage Investment Management now owns 6,307 shares of the company valued at $277,000 after acquiring 323 additional shares last quarter. Captrust Financial Advisors raised its position in shares of Academy Sports and Outdoors by 55.0% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company valued at $40,000 after acquiring 357 additional shares in the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Academy Sports and Outdoors by 8.2% in the first quarter. Capital Investment Advisory Services LLC now owns 5,300 shares of the company valued at $209,000 after acquiring 400 additional shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Academy Sports and Outdoors by 2.7% in the first quarter. Teacher Retirement System of Texas now owns 17,136 shares of the company valued at $675,000 after acquiring 458 additional shares in the last quarter. 89.94% of the shares are currently held by institutional investors.
About the Sports and Outdoors Academy (Get a rating)
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a retailer of sporting goods and outdoor recreation products in the United States. The company sells coolers and glasses, camping accessories, camping gear, sunglasses, backpacks and sports bags. marine equipment and fishing rods, reels, bait and equipment; firearms, ammunition, archery and archery equipment, camouflage clothing, waders, shooting accessories, optics, airguns and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racquet sports and volleyball; fitness equipment and accessories and nutritional supplies; and patio furniture, outdoor kitchen, rolling items, trampolines, play sets, water sports and pet equipment, as well as electronics, watches, consumables, batteries, etc.
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