Wells Fargo & Company Lowers Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $80.00

Academy Sports and Outdoors (NASDAQ:ASO - Free Report) had its price objective decreased by Wells Fargo & Company from $83.00 to $80.00 in a research report sent to investors on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

ASO has been the subject of several other reports. TD Cowen reduced their target price on Academy Sports and Outdoors from $86.00 to $82.00 and set an outperform rating for the company in a report on Friday, March 22nd. JPMorgan Chase & Co. increased their price objective on 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. Telsey Advisory Group reduced their price objective on Academy Sports and Outdoors from $83.00 to $75.00 and set an outperform rating for the company in a research note on Thursday, March 21st. Evercore ISI reduced their price objective on Academy Sports and Outdoors from $75.00 to $70.00 and set an outperform rating for the company in a research note on Tuesday, April 16th. Finally, Truist Financial reissued a buy rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $73.82.

Academy Sports and Outdoors Trading Up 0.0 %

Shares of NASDAQ ASO traded up $0.01 during mid-day trading on Thursday, hitting $59.07. 1,175,338 shares of the company traded hands, compared to its average volume of 1,352,258. Academy Sports and Outdoors has a 1 year low of $42.83 and a 1 year high of $75.73. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.86 and a beta of 1.35. 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 business has a 50 day moving average of $66.36 and a two-hundred day moving average of $59.78.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a yield of 0.74%. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.09. Academy Sports and Outdoors's dividend payout ratio (DPR) is 6.55%.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the business's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the sale, the director now directly owns 7,870 shares in the company, valued at $472,200. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.56% of the stock is owned by insiders.

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp acquired a new stake in Academy Sports and Outdoors in the 4th quarter valued at $26,000. Future Financial Wealth Managment LLC acquired a new stake in Academy Sports and Outdoors in the 1st quarter valued at $68,000. EverSource Wealth Advisors LLC boosted its stake in Academy Sports and Outdoors by 517.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company's stock valued at $69,000 after buying an additional 880 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Academy Sports and Outdoors in the fourth quarter worth $73,000. Finally, GAMMA Investing LLC acquired a new position in Academy Sports and Outdoors in the fourth quarter worth $83,000.

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.