Analysts Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Price Target at $62.86

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $62.86.

Several analysts have recently issued reports on ASO shares. Bank of America lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price target for the company from $75.00 to $63.00 in a research report on Tuesday, June 11th. Telsey Advisory Group restated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Jefferies Financial Group cut their target price on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, UBS Group cut Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the company from $81.00 to $58.00 in a research report on Wednesday, June 12th.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $59.21 on Friday. The business’s 50 day simple moving average is $54.70 and its 200 day simple moving average is $56.88. Academy Sports and Outdoors has a 12 month low of $42.83 and a 12 month high of $75.73. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.16 and a beta of 1.34. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts forecast that Academy Sports and Outdoors will post 6.03 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Insider Buying and Selling

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total value of $33,906.25. Following the completion of the sale, the director now owns 10,106 shares in the company, valued at $548,250.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now owns 8,906 shares in the company, valued at approximately $552,172. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Academy Sports and Outdoors

Institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Academy Sports and Outdoors by 3.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock worth $548,000 after purchasing an additional 250 shares during the period. Trust Investment Advisors increased its stake in shares of Academy Sports and Outdoors by 1.8% during the second quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock valued at $800,000 after buying an additional 266 shares during the period. Great Valley Advisor Group Inc. raised its holdings in shares of Academy Sports and Outdoors by 3.6% during the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock valued at $409,000 after acquiring an additional 269 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Academy Sports and Outdoors by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,410 shares of the company’s stock worth $1,875,000 after acquiring an additional 276 shares during the period. Finally, Moody National Bank Trust Division boosted its holdings in Academy Sports and Outdoors by 2.1% in the first quarter. Moody National Bank Trust Division now owns 13,487 shares of the company’s stock valued at $911,000 after acquiring an additional 276 shares in the last quarter.

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.