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

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $56.31.

A number of equities analysts recently commented on the company. Robert W. Baird decreased their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Loop Capital decreased their target price 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. Jefferies Financial Group set a $60.00 target price on Academy Sports and Outdoors in a report on Thursday, March 20th. Morgan Stanley decreased their price target on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 11th. Finally, Wedbush decreased their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock traded down $0.14 during trading on Friday, reaching $54.12. The company had a trading volume of 1,478,386 shares, compared to its average volume of 1,606,303. Academy Sports and Outdoors has a 52 week low of $33.34 and a 52 week high of $64.62. The firm's 50-day simple moving average is $45.31 and its 200 day simple moving average is $46.73. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The company has a current ratio of 1.52, a quick ratio of 0.29 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced 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). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted $1.08 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts forecast that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

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

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the transaction, the director owned 7,084 shares in the company, valued at $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASO. Norges Bank purchased a new position in Academy Sports and Outdoors in the fourth quarter worth about $47,436,000. Hood River Capital Management LLC purchased a new position in Academy Sports and Outdoors in the fourth quarter worth about $42,320,000. American Century Companies Inc. grew its position in Academy Sports and Outdoors by 77.2% in the fourth quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock worth $72,068,000 after acquiring an additional 545,778 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Academy Sports and Outdoors by 36.1% in the first quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company's stock worth $90,901,000 after purchasing an additional 528,367 shares during the last quarter. Finally, Boston Partners bought a new stake in Academy Sports and Outdoors in the fourth quarter worth about $27,445,000.

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.