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Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $66.27 Consensus Price Target from Analysts

Academy Sports and Outdoors logo with Consumer Discretionary background

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $66.27.

A number of analysts have recently commented on the stock. TD Cowen reduced their price target on shares of Academy Sports and Outdoors from $82.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday. Wedbush reduced their price target on shares of Academy Sports and Outdoors from $80.00 to $65.00 and set an "outperform" rating for the company in a research note on Wednesday. Morgan Stanley reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 20th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $75.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday.

Check Out Our Latest Analysis on Academy Sports and Outdoors

Academy Sports and Outdoors Stock Down 2.9 %

Academy Sports and Outdoors stock traded down $1.52 during trading hours on Thursday, hitting $51.37. The stock had a trading volume of 2,267,221 shares, compared to its average volume of 1,374,447. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $3.79 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 0.81 and a beta of 1.37. Academy Sports and Outdoors has a 12-month low of $42.83 and a 12-month high of $75.73. The stock's 50-day moving average price is $56.83 and its 200-day moving average price is $62.06.


Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.11). Academy Sports and Outdoors had a return on equity of 28.99% and a net margin of 8.43%. The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the firm posted $1.19 earnings per share. The firm's quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts anticipate that Academy Sports and Outdoors will post 6.68 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Thursday, June 20th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, June 20th. Academy Sports and Outdoors's dividend payout ratio is currently 6.73%.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the transaction, the director now owns 7,870 shares of the company's stock, valued at $472,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.19% of the company's stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in shares of Academy Sports and Outdoors by 52.3% in the fourth quarter. Victory Capital Management Inc. now owns 46,454 shares of the company's stock worth $3,066,000 after buying an additional 15,955 shares in the last quarter. Verition Fund Management LLC raised its stake in Academy Sports and Outdoors by 1,014.0% during the fourth quarter. Verition Fund Management LLC now owns 213,542 shares of the company's stock valued at $14,094,000 after purchasing an additional 194,373 shares in the last quarter. Bryn Mawr Capital Management LLC purchased a new stake in Academy Sports and Outdoors during the fourth quarter valued at $2,501,000. Allspring Global Investments Holdings LLC raised its stake in Academy Sports and Outdoors by 23.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 370,715 shares of the company's stock valued at $24,467,000 after purchasing an additional 70,438 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in Academy Sports and Outdoors during the fourth quarter valued at $1,842,000.

About Academy Sports and Outdoors

(Get Free Report

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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