Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $62.50 Average PT from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $62.50.

Several analysts recently issued reports on the stock. Loop Capital reaffirmed a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and decreased their price objective for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Truist Financial upped their price objective on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $76.00 to $53.00 in a report on Monday, August 5th.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $47.80 on Friday. The company’s fifty day moving average is $54.93 and its 200-day moving average is $54.30. Academy Sports and Outdoors has a 12 month low of $45.47 and a 12 month high of $75.73. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.37. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business posted $2.01 EPS. Academy Sports and Outdoors’s quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts expect that Academy Sports and Outdoors will post 6.02 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.79%.

Insider Buying and Selling

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the 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 sale, the director now owns 8,906 shares in the company, valued at $552,172. This trade represents a 11.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after acquiring an additional 1,422,971 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Academy Sports and Outdoors in the 2nd quarter valued at about $174,054,000. Dimensional Fund Advisors LP increased its position in Academy Sports and Outdoors by 19.4% in 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 in the last quarter. Geode Capital Management LLC increased its position in Academy Sports and Outdoors by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock valued at $118,092,000 after acquiring an additional 50,715 shares in the last quarter. Finally, LSV Asset Management increased its position in Academy Sports and Outdoors by 4.2% in the 2nd quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after acquiring an additional 69,700 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.