Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Academy Sports and Outdoors, Inc. has received a consensus rating of "Hold" from analysts, with eleven firms rating it as hold and nine as buy.
• The company's stock has a current market price of $47.70 and is performing below the average 1-year price target of $58.37 set by analysts.
• Academy Sports recently reported earnings of $1.82 per share, falling short of expectations, and announced a quarterly dividend of $0.13 per share.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) has been given a consensus rating of "Hold" by the twenty ratings firms that are currently covering the company, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $58.3684.

A number of equities analysts have weighed in on ASO shares. Barclays started coverage on shares of Academy Sports and Outdoors in a research report on Tuesday, September 30th. They set an "equal weight" rating and a $51.00 price objective for the company. JPMorgan Chase & Co. upped their price target on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Citigroup lowered Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $55.00 to $50.00 in a research report on Wednesday, September 3rd. Telsey Advisory Group restated an "outperform" rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, October 8th.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $47.70 on Friday. The stock has a market capitalization of $3.18 billion, a PE ratio of 8.93, a P/E/G ratio of 0.96 and a beta of 1.28. The business has a 50 day simple moving average of $50.78 and a two-hundred day simple moving average of $47.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33. Academy Sports and Outdoors has a 1-year low of $33.34 and a 1-year high of $61.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.32). The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.61 billion. Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.03 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. On average, research analysts predict that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 11th. Academy Sports and Outdoors's payout ratio is currently 9.74%.

Institutional Trading of Academy Sports and Outdoors

Several institutional investors have recently made changes to their positions in ASO. Principal Financial Group Inc. raised its stake in shares of Academy Sports and Outdoors by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 345,718 shares of the company's stock valued at $15,768,000 after purchasing an additional 4,279 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Academy Sports and Outdoors by 4.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company's stock valued at $299,000 after buying an additional 283 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Academy Sports and Outdoors in the first quarter valued at $351,000. Peregrine Capital Management LLC increased its holdings in shares of Academy Sports and Outdoors by 14.0% in the first quarter. Peregrine Capital Management LLC now owns 153,807 shares of the company's stock valued at $7,015,000 after buying an additional 18,937 shares in the last quarter. Finally, Tectonic Advisors LLC increased its holdings in shares of Academy Sports and Outdoors by 64.7% in the first quarter. Tectonic Advisors LLC now owns 43,817 shares of the company's stock valued at $1,998,000 after buying an additional 17,205 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.

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