Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $56.31 Consensus Target Price from Analysts

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $56.63.

Several research firms have weighed in on ASO. Bank of America decreased their target price 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 reiterated an "outperform" rating and issued a $58.00 target price (down from $60.00) on shares of Academy Sports and Outdoors in a report on Tuesday, June 10th. Wells Fargo & Company boosted their target price on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Citigroup decreased their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, June 4th. Finally, UBS Group decreased their target price on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, June 4th.

Academy Sports and Outdoors Stock Performance

ASO stock traded down $0.17 during midday trading on Friday, hitting $53.95. 1,695,956 shares of the stock traded hands, compared to its average volume of 1,605,887. The firm has a market cap of $3.59 billion, a P/E ratio of 9.92, a PEG ratio of 1.01 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.52 and a quick ratio of 0.29. The stock's fifty day simple moving average is $45.60 and its 200-day simple moving average is $46.56. Academy Sports and Outdoors has a 1-year low of $33.34 and a 1-year high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. On average, analysts expect that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.96%. The ex-dividend date was Wednesday, June 18th. Academy Sports and Outdoors's payout ratio is currently 9.56%.

Insider Buying and Selling at Academy Sports and Outdoors

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

Institutional Trading of Academy Sports and Outdoors

Several institutional investors and hedge funds have recently modified their holdings of the business. Your Advocates Ltd. LLP increased its stake in shares of Academy Sports and Outdoors by 101.5% during the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock worth $37,000 after purchasing an additional 411 shares in the last quarter. AlphaQuest LLC raised its position in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after buying an additional 496 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock valued at $53,000 after buying an additional 362 shares during the last quarter. LGT Financial Advisors LLC raised its position in shares of Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after buying an additional 1,000 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Academy Sports and Outdoors in the first quarter valued at approximately $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.