TD Cowen Forecasts Strong Price Appreciation for Academy Sports and Outdoors (NASDAQ:ASO) Stock

Academy Sports and Outdoors (NASDAQ:ASO) had its price target raised by TD Cowen from $54.00 to $61.00 in a research note published on Wednesday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

A number of other analysts also recently issued reports on the company. 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. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Robert W. Baird cut their price objective on 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. Telsey Advisory Group decreased their target price on shares of 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. Finally, Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $58.86 on Wednesday. The firm has a 50-day simple moving average of $52.62 and a 200-day simple moving average of $53.79. The company has a quick ratio of 0.41, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25. 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 released its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 EPS. On average, equities analysts predict that Academy Sports and Outdoors will post 5.92 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.75%. Academy Sports and Outdoors’s payout ratio is 7.22%.

Institutional Investors Weigh In On Academy Sports and Outdoors

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

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.