Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $70.00 at Oppenheimer

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective reduced by Oppenheimer from $85.00 to $70.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Morgan Stanley lowered their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday. Wedbush restated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Truist Financial boosted their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird decreased their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.38.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $47.23 on Friday. The stock has a 50-day simple moving average of $51.09 and a 200 day simple moving average of $53.16. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 12-month low of $43.16 and a 12-month high of $68.96. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 7.76, a P/E/G ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the company earned $2.21 earnings per share. On average, research analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Tuesday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s payout ratio is 8.54%.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several institutional investors have recently modified their holdings of the business. TD Private Client Wealth LLC bought a new stake in Academy Sports and Outdoors in the 3rd quarter valued at approximately $40,000. AlphaQuest LLC lifted its stake in Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after acquiring an additional 496 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Academy Sports and Outdoors by 1,307.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after acquiring an additional 915 shares in the last quarter. LGT Financial Advisors LLC lifted its stake in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Academy Sports and Outdoors by 242.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after acquiring an additional 843 shares in 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.