Academy Sports and Outdoors (NASDAQ:ASO) Receives “Buy” Rating from Loop Capital

Loop Capital reissued their buy rating on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research report report published on Monday, Benzinga reports. They currently have a $77.00 price target on the stock.

A number of other brokerages also recently weighed in on ASO. TD Cowen decreased their price objective on shares of Academy Sports and Outdoors from $82.00 to $58.00 and set a buy rating for the company in a research report on Wednesday, June 12th. Wedbush decreased their price objective on shares of Academy Sports and Outdoors from $80.00 to $65.00 and set an outperform rating for the company in a research report on Wednesday, June 12th. Evercore ISI upped their price objective on shares of Academy Sports and Outdoors from $60.00 to $70.00 and gave the stock an outperform rating in a research report on Thursday, June 20th. JPMorgan Chase & Co. upped their price objective on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an overweight rating in a research report on Wednesday, March 20th. Finally, Morgan Stanley decreased their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an equal weight rating for the company in a research report on Wednesday, June 12th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $67.87.

Academy Sports and Outdoors Trading Down 4.9 %

NASDAQ ASO opened at $50.66 on Monday. The company has a market capitalization of $3.65 billion, a PE ratio of 7.75, a P/E/G ratio of 0.89 and a beta of 1.34. The company has a fifty day moving average of $55.38 and a 200 day moving average of $62.08. Academy Sports and Outdoors has a 1 year low of $42.83 and a 1 year high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share. Research analysts forecast that Academy Sports and Outdoors will post 6.4 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Thursday, June 20th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.44 annualized dividend and a yield of 0.87%. Academy Sports and Outdoors’s dividend payout ratio is presently 6.73%.

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now owns 7,870 shares of the company’s stock, valued at approximately $472,200. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.19% of the stock is owned by corporate insiders.

Institutional Trading of Academy Sports and Outdoors

Several large investors have recently bought and sold shares of ASO. LPL Financial LLC grew its stake in shares of Academy Sports and Outdoors by 7.9% in the 3rd quarter. LPL Financial LLC now owns 87,661 shares of the company’s stock valued at $4,144,000 after buying an additional 6,452 shares during the period. Natixis Advisors L.P. grew its stake in shares of Academy Sports and Outdoors by 5.8% in the 3rd quarter. Natixis Advisors L.P. now owns 16,502 shares of the company’s stock valued at $780,000 after buying an additional 901 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Academy Sports and Outdoors by 337.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,578 shares of the company’s stock valued at $500,000 after buying an additional 8,159 shares during the period. Gotham Asset Management LLC grew its stake in shares of Academy Sports and Outdoors by 289.0% in the 3rd quarter. Gotham Asset Management LLC now owns 34,193 shares of the company’s stock valued at $1,616,000 after buying an additional 25,403 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its stake in shares of Academy Sports and Outdoors by 109.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 52,776 shares of the company’s stock valued at $2,495,000 after buying an additional 27,551 shares during the period.

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.