Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Consensus Rating of "Moderate Buy" from Analysts

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

A number of equities analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $58.00 price target (down from $60.00) on shares of Academy Sports and Outdoors in a research report on Tuesday, June 10th. Oppenheimer dropped their price objective on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. UBS Group dropped their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Wedbush dropped their price objective on shares of 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.

Institutional Investors Weigh In On Academy Sports and Outdoors

Hedge funds have recently modified their holdings of the company. AlphaQuest LLC boosted its stake in shares of Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after acquiring an additional 496 shares in the last quarter. Your Advocates Ltd. LLP boosted 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 acquiring an additional 411 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after acquiring an additional 915 shares in the last quarter. LGT Financial Advisors LLC boosted its stake in shares of Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock worth $63,000 after acquiring an additional 1,000 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in shares of Academy Sports and Outdoors by 45.6% during 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 in the last quarter.

Academy Sports and Outdoors Stock Up 2.8%

Shares of ASO stock traded up $1.23 during trading hours on Monday, reaching $45.70. 1,235,165 shares of the company's stock were exchanged, compared to its average volume of 1,615,721. The stock's 50 day moving average is $41.79 and its 200-day moving average is $47.50. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.83 and a beta of 1.28. 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 has a fifty-two week low of $33.34 and a fifty-two week high of $64.62.

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

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors's payout ratio is currently 9.56%.

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.