Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) earned an average rating of “Buy” from the 13 analysts who currently cover the company, Marketbeat.com reports. Twelve research analysts have rated the stock with a buy rating. The 12-month average price target among brokers who have rated the stock over the past year is $54.42.
ASO has been the subject of several recent research reports. Goldman Sachs Group lowered its price target on Academy Sports and Outdoors shares from $61.00 to $49.00 and set a “buy” rating for the company in a Wednesday May 4 research note. Zacks Investment Research moved shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating and set a price target of $43.00 for the company in a Monday 4 research note. april. Truist Financial launched coverage on Academy Sports and Outdoors stocks in a Wednesday, May 11 research note. They issued a “buy” rating and a price target of $53.00 for the company. Loop Capital raised its price target on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a Wednesday, March 30 research note. Finally, Stephens raised his price target on Academy Sports and Outdoors stock from $68.00 to $70.00 and gave the stock an “overweight” rating in a Wednesday, March 30 research note.
A number of institutional investors and hedge funds have recently changed their positions in ASO. Morgan Stanley increased its holdings of Academy Sports and Outdoors shares by 1,107.8% in the second quarter. Morgan Stanley now owns 1,706,387 shares of the company worth $70,370,000 after purchasing an additional 1,565,102 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Academy Sports and Outdoors by 11.4% during the third quarter. Advisor Group Holdings Inc. now owns 22,454 shares of the company worth $898,000 after acquiring 2,304 additional shares in the last quarter. BlackRock Inc. increased its position in shares of Academy Sports and Outdoors by 39.2% during the third quarter. BlackRock Inc. now owns 5,428,568 shares of the company valued at $217,251,000 after acquiring an additional 1,530,021 shares during the period. Teacher Retirement System of Texas bought a new stake in Academy Sports and Outdoors stock in Q3 for $395,000. Finally, Citigroup Inc. increased its stake in Academy Sports and Outdoors by 36.8% in the third quarter. Citigroup Inc. now owns 30,996 shares of the company worth $1,240,000 after purchasing an additional 8,331 shares during the period. Institutional investors and hedge funds own 89.94% of the company’s shares.
Academy Sports and Outdoors stock opened Wednesday at $27.61. The company has a 50-day simple moving average of $37.51 and a 200-day simple moving average of $38.97. The company has a market capitalization of $2.38 billion, a price/earnings ratio of 3.88, a P/E/G ratio of 0.30 and a beta of 1.60. The company has a current ratio of 1.52, a quick ratio of 0.48 and a debt ratio of 0.47. Academy Sports and Outdoors has a 1-year minimum of $26.70 and a 1-year maximum of $51.08.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly results on Tuesday, March 29. The company reported 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, versus analyst estimates of $1.77 billion. Academy Sports and Outdoors had a net margin of 9.91% and a return on equity of 51.14%. The company’s revenue for the quarter increased 13.2% year over year. During the same period of the previous year, the company achieved EPS of $1.09. On average, equity research analysts expect Academy Sports and Outdoors to post EPS of 7.02 for the current year.
The company also recently disclosed a — dividend, which was paid on Thursday, April 14. Investors of record on Thursday, March 17 received a dividend of $0.075. The ex-dividend date was Wednesday, March 16. The Academy Sports and Outdoors payout ratio is 4.21%.
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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