Analysts Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) PT at $58.71

Key Points

• Academy Sports and Outdoors, Inc. has received a consensus rating of "Moderate Buy" from eighteen research firms, with half assigning buy ratings and half giving hold ratings, leading to an average price target of $58.71.
• Insider trading activity includes Director Christopher Lee Turner selling 4,400 shares at an average price of $44.48, representing a significant reduction of 38.31% in his holdings.
• The company recently announced a $0.13 quarterly dividend per share, translating to an annualized dividend yield of 1.0%, with the payment scheduled for October 9th.

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) have been given an average rating of "Moderate Buy" by the nineteen analysts that are presently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $58.7778.

Several research firms have recently issued reports on ASO. Guggenheim reiterated a "buy" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday. Bank of America cut their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Telsey Advisory Group restated an "outperform" rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday, September 2nd. Evercore ISI lifted their price target on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 26th. Finally, Morgan Stanley decreased their target price on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 11th.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the transaction, the director owned 7,084 shares of the company's stock, valued at approximately $315,096.32. The trade was a 38.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.62% of the company's stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently bought and sold shares of ASO. Dimensional Fund Advisors LP increased its position in shares of Academy Sports and Outdoors by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,846,410 shares of the company's stock valued at $175,438,000 after purchasing an additional 147,395 shares during the last quarter. LSV Asset Management increased its position in shares of Academy Sports and Outdoors by 43.0% during the 2nd quarter. LSV Asset Management now owns 3,119,790 shares of the company's stock valued at $139,798,000 after purchasing an additional 937,449 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of Academy Sports and Outdoors by 5.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,110,172 shares of the company's stock valued at $94,557,000 after purchasing an additional 117,175 shares during the last quarter. American Century Companies Inc. increased its position in shares of Academy Sports and Outdoors by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 2,051,455 shares of the company's stock valued at $91,926,000 after purchasing an additional 376,027 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of Academy Sports and Outdoors by 45.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company's stock valued at $64,528,000 after purchasing an additional 448,582 shares during the last quarter.

Academy Sports and Outdoors Trading Down 2.1%

NASDAQ:ASO traded down $1.00 during mid-day trading on Friday, hitting $47.76. 789,515 shares of the company's stock were exchanged, compared to its average volume of 1,652,588. The company has a 50 day simple moving average of $52.03 and a 200-day simple moving average of $46.28. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $64.61. The firm has a market capitalization of $3.18 billion, a P/E ratio of 8.94, a PEG ratio of 1.02 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.13). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 EPS. As a group, research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. Academy Sports and Outdoors's payout ratio is 9.74%.

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.