Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Average Rating of “Hold” by Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $61.33.

A number of equities research analysts recently commented on ASO shares. Robert W. Baird decreased their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Jefferies Financial Group lowered their price objective on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Telsey Advisory Group reduced their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Evercore ISI downgraded Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Finally, Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th.

Institutional Investors Weigh In On Academy Sports and Outdoors

Large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in shares of Academy Sports and Outdoors in the third quarter worth about $28,000. V Square Quantitative Management LLC purchased a new position in Academy Sports and Outdoors in the 3rd quarter worth approximately $40,000. TD Private Client Wealth LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $40,000. Farther Finance Advisors LLC grew its position in shares of Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors in the third quarter valued at approximately $58,000.

Academy Sports and Outdoors Price Performance

NASDAQ ASO opened at $56.86 on Monday. The company has a market cap of $3.95 billion, a PE ratio of 9.34, a P/E/G ratio of 1.06 and a beta of 1.31. The firm’s 50 day moving average price is $52.28 and its 200-day moving average price is $53.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.57. Academy Sports and Outdoors has a 52-week low of $44.73 and a 52-week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business posted $1.38 EPS. Sell-side analysts forecast that Academy Sports and Outdoors will post 5.92 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be given a $0.11 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.44 annualized dividend and a dividend yield of 0.77%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 7.22%.

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.