Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $62.50.

Several brokerages recently commented on ASO. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Telsey Advisory Group restated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Evercore ISI cut Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Truist Financial boosted their price target on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, Loop Capital restated a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares of the company’s stock, valued at $552,172. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.19% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. bought a new stake in shares of Academy Sports and Outdoors in the second quarter worth $174,054,000. Dimensional Fund Advisors LP boosted its stake in Academy Sports and Outdoors by 19.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after acquiring an additional 481,640 shares during the last quarter. LSV Asset Management grew its holdings in Academy Sports and Outdoors by 4.2% during the 2nd quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock worth $91,683,000 after acquiring an additional 69,700 shares in the last quarter. King Luther Capital Management Corp increased its position in shares of Academy Sports and Outdoors by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock worth $85,903,000 after purchasing an additional 29,912 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in shares of Academy Sports and Outdoors by 7.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,331,744 shares of the company’s stock valued at $70,915,000 after purchasing an additional 90,651 shares in the last quarter.

Academy Sports and Outdoors Trading Up 2.4 %

Shares of Academy Sports and Outdoors stock opened at $54.90 on Wednesday. Academy Sports and Outdoors has a fifty-two week low of $43.07 and a fifty-two week high of $75.73. The business’s fifty day moving average is $55.52 and its two-hundred day moving average is $55.57. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.96 billion, a PE ratio of 8.39, a P/E/G ratio of 1.04 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.07. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.01 earnings per share. Analysts anticipate that Academy Sports and Outdoors will post 6.03 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.73%.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.