Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Academy Sports and Outdoors has a consensus rating of "Hold" from 19 analysts, with 10 recommending a hold and 9 a buy.
• The average 1-year price target for the stock is $58.11, following varied target adjustments from multiple research firms.
• The company has declared a quarterly dividend of $0.13 per share, scheduled for payment on October 9th, representing an annualized yield of 1.0%.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) has earned a consensus recommendation of "Hold" from the nineteen analysts that are presently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $58.1053.

A number of research firms have issued reports on ASO. Loop Capital set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Monday, July 21st. Citigroup downgraded shares of Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and cut their target price for the stock from $55.00 to $50.00 in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. increased their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a "neutral" rating 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 report on Tuesday, September 2nd. Finally, Wells Fargo & Company restated a "positive" rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd.

Academy Sports and Outdoors Stock Down 1.4%

ASO stock opened at $50.02 on Wednesday. Academy Sports and Outdoors has a 12-month low of $33.34 and a 12-month high of $61.25. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.01 and a beta of 1.30. The company has a 50 day moving average of $51.12 and a two-hundred day moving average of $46.24.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ASO. Huntington National Bank raised its holdings in Academy Sports and Outdoors by 214.6% in the 2nd quarter. Huntington National Bank now owns 689 shares of the company's stock worth $31,000 after acquiring an additional 470 shares during the period. Your Advocates Ltd. LLP raised its holdings in Academy Sports and Outdoors by 101.5% in the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock worth $37,000 after acquiring an additional 411 shares during the period. TD Private Client Wealth LLC raised its holdings in Academy Sports and Outdoors by 45.6% in the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock worth $53,000 after acquiring an additional 362 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Academy Sports and Outdoors by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company's stock worth $62,000 after acquiring an additional 657 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Academy Sports and Outdoors in the 1st quarter worth $64,000.

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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