Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) received an average “Buy” recommendation from the twelve rating agencies that cover the company, Marketbeat reports. Eleven investment analysts have rated the stock with a Buy recommendation. The average 1-year target price among brokerages that have covered the stock over the past year is $55.36.
ASO has been the subject of several research analyst reports. Loop Capital raised its price target on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a Wednesday, March 30 report. Stephens raised his price target on Academy Sports and Outdoors shares from $68.00 to $70.00 and gave the company an “overweight” rating in a Wednesday, March 30 research report. Zacks Investment Research upgraded shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating and set a price target of $43.00 on the stock in a Monday, April 4, report. Finally, Wells Fargo & Company cut its price target on Academy Sports and Outdoors stock from $62.00 to $58.00 and set an “overweight” rating on the stock in a Thursday 24 report. March.
Major investors have recently changed their stake in the company. Your Advocates Ltd. LLP bought a new stock position in Academy Sports and Outdoors in Q3 for a value of approximately $25,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Academy Sports and Outdoors in the first quarter, valued at approximately $26,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors in the fourth quarter, valued at approximately $44,000. Covestor Ltd acquired a new stake in shares of Academy Sports and Outdoors in the fourth quarter, valued at approximately $59,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 826.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,390 shares of the company valued at $54,000 after buying an additional 1,240 shares in the last quarter.
ASO stock opened at $37.36 on Friday. The company has a debt ratio of 0.47, a quick ratio of 0.48 and a current ratio of 1.52. Academy Sports and Outdoors has a 52-week minimum of $29.16 and a 52-week maximum of $51.08. The company’s fifty-day moving average is $36.66 and its 200-day moving average is $39.80. The company has a market capitalization of $3.22 billion, a P/E ratio of 5.25, a P/E/G ratio of 0.39 and a beta of 1.81.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly results on Tuesday, March 29. The company reported earnings per share (EPS) of $1.61 for the quarter, beating consensus analyst estimates of $1.37 by $0.24. The company posted revenue of $1.81 billion in the quarter, compared to $1.77 billion expected by analysts. Academy Sports and Outdoors had a net margin of 9.91% and a return on equity of 51.14%. Academy Sports and Outdoors revenue increased 13.2% year over year. During the same period last year, the company posted EPS of $1.09. As a group, analysts expect Academy Sports and Outdoors to post 7.02 EPS for the current year.
The company also recently announced a dividend, which was paid on Thursday, April 14. Shareholders of record on Thursday, March 17 received a dividend of $0.075. The ex-dividend date was Wednesday, March 16. The dividend payout ratio (DPR) of Academy Sports and Outdoors is 4.21%.
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; baseball, football, basketball, soccer, golf, racquet sports, volleyball, fitness equipment, fitness accessories and nutrition; and patio equipment, outdoor kitchen, rolling items, trampolines, playsets, water sports, pet gear, electronics and watches.
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Academy Sports and Outdoors right now?
Before you consider Academy Sports and Outdoors, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Academy Sports and Outdoors didn’t make the list.
While Academy Sports and Outdoors currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here