Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $57.81 Consensus Target Price from Brokerages

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the sixteen ratings firms that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $57.44.

ASO has been the topic of a number of research reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday, March 17th. B. Riley cut their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Truist Financial set a $45.00 price objective on Academy Sports and Outdoors in a research note on Wednesday. Loop Capital cut their price objective on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Evercore ISI cut their target price on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st.

Institutional Trading of Academy Sports and Outdoors

Several large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in shares of Academy Sports and Outdoors by 28.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,604 shares of the company's stock valued at $392,000 after purchasing an additional 1,923 shares during the last quarter. LSV Asset Management lifted its position in shares of Academy Sports and Outdoors by 12.5% in the first quarter. LSV Asset Management now owns 2,182,341 shares of the company's stock worth $99,537,000 after buying an additional 242,300 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Academy Sports and Outdoors during the 1st quarter worth about $351,000. US Bancorp DE increased its holdings in shares of Academy Sports and Outdoors by 280.0% during the 1st quarter. US Bancorp DE now owns 1,657 shares of the company's stock valued at $76,000 after acquiring an additional 1,221 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Academy Sports and Outdoors in the 1st quarter valued at approximately $252,000.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock traded down $0.53 on Friday, hitting $39.73. The company had a trading volume of 233,121 shares, compared to its average volume of 1,622,489. Academy Sports and Outdoors has a 52 week low of $33.34 and a 52 week high of $64.62. The company has a market cap of $2.64 billion, a PE ratio of 6.52, a PEG ratio of 1.02 and a beta of 1.29. The business has a 50-day simple moving average of $41.94 and a 200-day simple moving average of $49.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.14. The business 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 quarter in the prior year, the firm posted $2.21 earnings per share. Research analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.01%.

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.