Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $57.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company increased the price target for Academy Sports and Outdoors stock from $55.00 to $57.00, suggesting a potential upside of 15.15% based on the last closing price.
• Eight analysts have rated the stock with a Buy rating and nine have given it a Hold rating, with a consensus price target of $58.59.
• Academy Sports and Outdoors recently reported a net margin of 6.55% and a return on equity of 19.62%, with quarterly revenue of $1.35 billion, down 0.9% compared to the previous year.

Academy Sports and Outdoors (NASDAQ:ASO - Free Report) had its price target increased by Wells Fargo & Company from $55.00 to $57.00 in a research report released on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the company. Evercore ISI increased their price target on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an "in-line" rating in a report on Tuesday, August 26th. Loop Capital set a $65.00 target price on Academy Sports and Outdoors in a research report on Monday, July 21st. Morgan Stanley dropped their target price on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 11th. Citigroup cut Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $55.00 to $50.00 in a research report on Wednesday. Finally, Monness Crespi & Hardt started 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. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.71.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock traded up $0.82 during mid-day trading on Wednesday, reaching $50.86. 1,360,622 shares of the company were exchanged, compared to its average volume of 1,558,572. Academy Sports and Outdoors has a twelve month low of $33.34 and a twelve month high of $64.61. The firm's 50-day simple moving average is $51.89 and its two-hundred day simple moving average is $46.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.29 and a current ratio of 1.64. The firm has a market cap of $3.39 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 1.02 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down .9% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Equities analysts predict that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, September 11th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.74%.

Insider Activity

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 shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the sale, the director directly owned 7,084 shares in the company, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.62% of the company's stock.

Institutional Trading of Academy Sports and Outdoors

Several large investors have recently modified their holdings of the business. Huntington National Bank raised its position in shares of Academy Sports and Outdoors by 214.6% in the second quarter. Huntington National Bank now owns 689 shares of the company's stock valued at $31,000 after buying an additional 470 shares during the last quarter. Your Advocates Ltd. LLP raised its position in shares of Academy Sports and Outdoors by 101.5% in the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after buying an additional 411 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock valued at $53,000 after buying an additional 362 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company's stock valued at $62,000 after buying an additional 657 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Academy Sports and Outdoors in the first quarter valued at approximately $64,000.

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.