Brokerages Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Price Target at $61.67

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has earned a consensus rating of “Hold” from the fifteen analysts that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $61.67.

Several research analysts have issued reports on the company. TD Cowen increased their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Robert W. Baird lowered their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Citigroup started coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective for the company. Telsey Advisory Group lowered their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, Wedbush restated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th.

Academy Sports and Outdoors Stock Down 0.5 %

Shares of ASO stock opened at $50.57 on Tuesday. The stock has a market cap of $3.51 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23. Academy Sports and Outdoors has a one year low of $44.73 and a one year high of $75.73. The stock has a fifty day moving average price of $54.78 and a 200 day moving average price of $53.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company earned $1.38 earnings per share. The business’s revenue was down 3.9% compared to the same quarter last year. Analysts predict that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 7.22%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several institutional investors have recently bought and sold shares of ASO. Harbor Capital Advisors Inc. bought a new stake in Academy Sports and Outdoors in the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $40,000. TD Private Client Wealth LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $40,000. AlphaQuest LLC increased its position in shares of Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after purchasing an additional 496 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after purchasing an additional 366 shares during the last quarter.

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.