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

Key Points

• Academy Sports and Outdoors has received an average recommendation of "Moderate Buy" from 17 research firms, with eight holding and nine buying the stock.
• The stock's average 12-month price target is $57.53, with various brokers setting differing targets: Wells Fargo at $43.00, Truist at $47.00, and Monness Crespi & Hardt at $65.00.
• Recently, Academy Sports and Outdoors announced a quarterly dividend of $0.13, representing a 1.0% yield on an annual basis.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) has received an average recommendation of "Moderate Buy" from the seventeen research firms that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $57.5294.

Several brokerages have recently issued reports on ASO. Wells Fargo & Company upped their price objective on Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Truist Financial upped their price objective on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a report on Wednesday, June 11th. UBS Group decreased their price objective on 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. Monness Crespi & Hardt initiated coverage on Academy Sports and Outdoors in a research report on Monday, August 4th. They set a "buy" rating and a $65.00 target price on the stock. Finally, Loop Capital set a $65.00 target price on Academy Sports and Outdoors in a research report on Monday, July 21st.

Insider Buying and Selling

In other news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the sale, the director directly 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 SEC, which is available at this link. Insiders own 3.62% of the company's stock.

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently made changes to their positions in the company. Huntington National Bank lifted its position in Academy Sports and Outdoors by 214.6% during the second quarter. Huntington National Bank now owns 689 shares of the company's stock worth $31,000 after buying an additional 470 shares in the last quarter. Your Advocates Ltd. LLP lifted its position in Academy Sports and Outdoors by 101.5% during the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock worth $37,000 after buying an additional 411 shares in the last quarter. TD Private Client Wealth LLC lifted its position in Academy Sports and Outdoors by 45.6% during the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock worth $53,000 after buying an additional 362 shares in the last quarter. LGT Financial Advisors LLC lifted its position in Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock worth $63,000 after buying an additional 1,000 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Academy Sports and Outdoors during the first quarter worth approximately $64,000.

Academy Sports and Outdoors Stock Up 0.7%

NASDAQ ASO opened at $49.99 on Tuesday. The stock's 50 day moving average is $48.70 and its 200 day moving average is $46.26. 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 12 month low of $33.34 and a 12 month high of $64.61. The stock has a market cap of $3.32 billion, a PE ratio of 9.19, a P/E/G ratio of 0.93 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly 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 business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm's revenue for the quarter was down .9% on a year-over-year basis. Research analysts predict that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal 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 issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 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.

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