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 rating of "Moderate Buy" from the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $58.2353.

A number of equities analysts recently issued reports on ASO shares. Telsey Advisory Group raised their price target on Academy Sports and Outdoors from $58.00 to $65.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Morgan Stanley cut their price target on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 11th. Monness Crespi & Hardt began coverage on Academy Sports and Outdoors in a research note on Monday, August 4th. They set a "buy" rating and a $65.00 price target for the company. Loop Capital set a $65.00 price objective on Academy Sports and Outdoors in a report on Monday, July 21st. Finally, Wells Fargo & Company lifted their price objective on Academy Sports and Outdoors from $43.00 to $55.00 and gave the company an "equal weight" rating in a report on Thursday.

Academy Sports and Outdoors Trading Down 1.5%

NASDAQ:ASO traded down $0.82 during trading hours on Tuesday, reaching $53.99. 97,637 shares of the stock were exchanged, compared to its average volume of 1,643,143. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average of $49.37 and a two-hundred day moving average of $46.36. Academy Sports and Outdoors has a twelve month low of $33.34 and a twelve month high of $64.61. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.03 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $1.08 EPS. On average, equities analysts predict that Academy Sports and Outdoors will post 5.59 EPS 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 paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.56%.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value of $195,712.00. Following the transaction, the director directly owned 7,084 shares of the company's stock, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.62% of the company's stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

Hedge funds and other 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% in the 2nd quarter. Huntington National Bank now owns 689 shares of the company's stock valued at $31,000 after acquiring an additional 470 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 buying an additional 411 shares during the last quarter. TD Private Client Wealth LLC increased 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 purchasing an additional 362 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company's stock worth $62,000 after purchasing an additional 657 shares during the last quarter. Finally, LGT Financial Advisors LLC boosted its holdings in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $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.