Evercore ISI Lowers Academy Sports and Outdoors (NASDAQ:ASO) to In-Line

Evercore ISI cut shares of Academy Sports and Outdoors (NASDAQ:ASO) from an outperform rating to an in-line rating in a research report report published on Thursday, MarketBeat.com reports. Evercore ISI currently has $60.00 price target on the stock, down from their previous price target of $65.00.

ASO has been the subject of a number of other research reports. Bank of America lowered Academy Sports and Outdoors from a buy rating to a neutral rating and reduced their price objective for the company from $75.00 to $63.00 in a research note on Tuesday, June 11th. 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 report on Wednesday, September 11th. Wedbush restated an outperform rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an overweight rating to a neutral rating and cut their target price for the company from $76.00 to $53.00 in a report on Monday, August 5th. Finally, UBS Group downgraded shares of Academy Sports and Outdoors from a buy rating to a neutral rating and lowered their price target for the stock from $81.00 to $58.00 in a report on Wednesday, June 12th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $62.50.

Academy Sports and Outdoors Stock Up 4.0 %

Shares of ASO stock opened at $57.13 on Thursday. Academy Sports and Outdoors has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The firm has a market capitalization of $4.12 billion, a PE ratio of 8.74, a P/E/G ratio of 1.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. The stock’s 50-day simple moving average is $55.11 and its 200-day simple moving average is $56.36.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. Academy Sports and Outdoors’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $2.01 EPS. Equities analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is presently 6.73%.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the sale, the director now owns 8,906 shares of the company’s stock, valued at $552,172. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the completion of the sale, the director now directly owns 10,106 shares in the company, valued at approximately $548,250.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now owns 8,906 shares in the company, valued at $552,172. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several large investors have recently modified their holdings of the business. Jones Financial Companies Lllp purchased a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in shares of Academy Sports and Outdoors during the first quarter worth $35,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors in the first quarter valued at $68,000. Kapitalo Investimentos Ltda acquired a new position in Academy Sports and Outdoors during the 4th quarter worth about $73,000. Finally, Your Advocates Ltd. LLP lifted its stake in Academy Sports and Outdoors by 117.3% during the 2nd quarter. Your Advocates Ltd. LLP now owns 1,706 shares of the company’s stock worth $91,000 after acquiring an additional 921 shares in the last quarter.

About Academy Sports and Outdoors

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.