Academy Sports and Outdoors (NASDAQ:ASO) PT Lowered to $80.00 at Wells Fargo & Company

Academy Sports and Outdoors (NASDAQ:ASO) had its price target reduced by Wells Fargo & Company from $83.00 to $80.00 in a report released on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

ASO has been the subject of several other research reports. Morgan Stanley cut their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set an equal weight rating for the company in a report on Friday, March 22nd. Wedbush reaffirmed an outperform rating and issued a $80.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, April 1st. JPMorgan Chase & Co. lifted their price objective on Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an overweight rating in a report on Wednesday, March 20th. Evercore ISI cut their price target on Academy Sports and Outdoors from $75.00 to $70.00 and set an outperform rating for the company in a report on Tuesday, April 16th. Finally, Telsey Advisory Group cut their price target on Academy Sports and Outdoors from $83.00 to $75.00 and set an outperform rating for the company in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $73.82.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $60.72 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.51. Academy Sports and Outdoors has a one year low of $42.83 and a one year high of $75.73. The firm has a market capitalization of $4.48 billion, a P/E ratio of 9.04, a PEG ratio of 0.86 and a beta of 1.35. The business has a fifty day moving average of $66.19 and a 200 day moving average of $60.00.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were paid a $0.11 dividend. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.72%. Academy Sports and Outdoors’s dividend payout ratio is 6.55%.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently made changes to their positions in the company. Peregrine Capital Management LLC lifted its position in shares of Academy Sports and Outdoors by 1.6% in the first quarter. Peregrine Capital Management LLC now owns 161,523 shares of the company’s stock worth $10,909,000 after buying an additional 2,543 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Academy Sports and Outdoors during the first quarter valued at approximately $3,736,000. Hunter Perkins Capital Management LLC raised its position in Academy Sports and Outdoors by 21.7% during the first quarter. Hunter Perkins Capital Management LLC now owns 13,600 shares of the company’s stock valued at $919,000 after purchasing an additional 2,425 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Academy Sports and Outdoors by 139.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 34,408 shares of the company’s stock valued at $2,324,000 after purchasing an additional 20,061 shares during the period. Finally, Altfest L J & Co. Inc. purchased a new stake in Academy Sports and Outdoors during the first quarter valued at approximately $282,000.

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.