Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $57.75 Consensus Price Target from Analysts

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the sixteen ratings firms that are currently covering the firm, Marketbeat.com 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 target price among analysts that have issued ratings on the stock in the last year is $57.75.

ASO has been the topic of several research analyst reports. UBS Group lowered their price objective on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. boosted their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Truist Financial set a $45.00 price target on Academy Sports and Outdoors in a research note on Wednesday, May 7th. B. Riley dropped their price target on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Wedbush lowered their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 21st.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO traded down $0.46 during mid-day trading on Thursday, hitting $40.45. 1,262,149 shares of the company traded hands, compared to its average volume of 1,651,365. The stock's fifty day moving average price is $40.35 and its 200-day moving average price is $47.97. Academy Sports and Outdoors has a one year low of $33.34 and a one year high of $64.62. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company posted $2.21 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down 6.6% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.13 per share. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.29%. The ex-dividend date was Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.01%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Fund 1 Investments LLC purchased a new position in Academy Sports and Outdoors during the 4th quarter worth $4,929,000. Bank of New York Mellon Corp increased its holdings in Academy Sports and Outdoors by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company's stock worth $40,974,000 after purchasing an additional 90,592 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Academy Sports and Outdoors during the 4th quarter worth $1,969,000. Wells Fargo & Company MN increased its holdings in Academy Sports and Outdoors by 11.4% during the 4th quarter. Wells Fargo & Company MN now owns 216,686 shares of the company's stock worth $12,466,000 after purchasing an additional 22,146 shares during the period. Finally, Pacifica Capital Investments LLC increased its holdings in Academy Sports and Outdoors by 7.9% during the 4th quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company's stock worth $23,041,000 after purchasing an additional 29,410 shares during the period.

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.