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

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the sixteen brokerages that are currently covering the stock, Marketbeat 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 1-year price objective among analysts that have issued ratings on the stock in the last year is $56.31.

ASO has been the topic of several recent analyst reports. Citigroup decreased their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, June 4th. Evercore ISI dropped their price objective on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Telsey Advisory Group restated an "outperform" rating and set a $58.00 target price (down from $60.00) on shares of Academy Sports and Outdoors in a report on Tuesday, June 10th. Bank of America cut 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 research note on Wednesday, June 11th. Finally, Wedbush cut their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $44.00 on Monday. The company has a fifty day moving average of $41.34 and a two-hundred day moving average of $47.58. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. The stock has a market capitalization of $2.93 billion, a PE ratio of 8.09, a P/E/G ratio of 0.82 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings data 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 net margin of 6.55% and a return on equity of 19.62%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The firm's revenue was down .9% on a year-over-year basis. As a group, research 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 business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio is currently 9.56%.

Institutional Trading of Academy Sports and Outdoors

A number of institutional investors have recently modified their holdings of ASO. Your Advocates Ltd. LLP boosted its position in 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 during the period. AlphaQuest LLC raised its stake in shares of Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after purchasing an additional 496 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of 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 in the last quarter. Parkside Financial Bank & Trust raised its position 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 valued at $57,000 after acquiring an additional 915 shares in the last quarter. Finally, LGT Financial Advisors LLC boosted its holdings in 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 worth $63,000 after purchasing an additional 1,000 shares during the period.

Academy Sports and Outdoors Company Profile

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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