Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) earned a consensus “Buy” recommendation from the twelve ratings companies that currently cover the stock, Marketbeat reports. Ten analysts have rated the stock with a buy recommendation. The 1-year average price target among brokers who have quoted the stock over the past year is $55.55.
A number of equity analysts have published reports on ASO shares. Stephens raised his price target on shares of Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a Wednesday, June 8 report. UBS Group lowered its price target on shares of Academy Sports and Outdoors to $55.00 in a Thursday, June 9 research note. Truist Financial began covering shares of Academy Sports and Outdoors in a report on Wednesday, May 11. They issued a “buy” rating and a target price of $53.00 on the stock. Finally, Goldman Sachs Group cut its price target on Academy Sports and Outdoors stock from $61.00 to $49.00 and set a “buy” rating on the stock in a Wednesday May 4 report. .
Academy Sports and Outdoors Stock Up 0.1%
Academy Sports and Outdoors stock opened at $43.06 on Monday. The company has a 50-day moving average price of $38.12 and a two-hundred-day moving average price of $36.97. The company has a market capitalization of $3.66 billion, a price/earnings ratio of 6.18, a PEG ratio of 0.66 and a beta of 1.39. The company has a debt ratio of 0.45, a quick ratio of 0.44 and a current ratio of 1.56. 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 reported quarterly results on Tuesday, June 7. The company reported EPS of $1.73 for the quarter, beating consensus analyst estimates of $1.40 by $0.33. The company posted revenue of $1.47 billion in the quarter, compared to analysts’ estimates of $1.45 billion. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. Academy Sports and Outdoors quarterly revenue was down 7.1% year over year. In the same quarter a year earlier, the company posted EPS of $1.89. Equity analysts predict Academy Sports and Outdoors will post EPS of 7.05 for the current year.
Academy Sports and Outdoors Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 14. Shareholders of record on Thursday, June 16 received a dividend of $0.075. This represents an annualized dividend of $0.30 and a dividend yield of 0.70%. The ex-dividend date was Wednesday, June 15. Academy Sports and Outdoors’ dividend payout ratio is currently 4.30%.
Hedge funds weigh on Academy’s sports and outdoor activities
Hedge funds have recently been buying and selling shares of the company. Prospera Financial Services Inc bought a new position in Academy Sports and Outdoors in Q1 worth approximately $26,000. Counterpoint Mutual Funds LLC bought a new position in Academy Sports and Outdoors in Q1 worth approximately $26,000. Captrust Financial Advisors increased its position in Academy Sports and Outdoors by 55.0% in Q1. Captrust Financial Advisors now owns 1,006 shares of the company worth $40,000 after buying 357 additional shares in the last quarter. Covestor Ltd purchased a new stake in shares of Academy Sports and Outdoors during Q4, valued at approximately $59,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 826.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,390 shares of the company valued at $54,000 after purchasing an additional 1,240 shares during the period. Hedge funds and other institutional investors hold 89.94% of the company’s shares.
Company Profile Academy Sports and Outdoors
(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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