Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Free Report) have earned an average rating of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $66.27.

A number of brokerages have commented on ASO. Morgan Stanley decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 12th. B. Riley restated a “buy” rating and issued a $72.00 price target (up from $65.00) on shares of Academy Sports and Outdoors in a research report on Monday, March 25th. JPMorgan Chase & Co. raised their price target on Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Jefferies Financial Group assumed coverage on Academy Sports and Outdoors in a research report on Friday, April 12th. They issued a “buy” rating and a $85.00 price target on the stock. Finally, Truist Financial reduced their price target on Academy Sports and Outdoors from $75.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, June 10th.

Read Our Latest Research Report on ASO

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors 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 owns 7,870 shares of the company’s stock, valued at $472,200. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.19% of the stock is owned by company insiders.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently modified their holdings of ASO. Jones Financial Companies Lllp bought a new position in Academy Sports and Outdoors during the fourth quarter worth about $26,000. Headlands Technologies LLC bought a new position in Academy Sports and Outdoors during the first quarter worth about $35,000. Future Financial Wealth Managment LLC bought a new position in Academy Sports and Outdoors during the first quarter worth about $68,000. EverSource Wealth Advisors LLC grew its holdings in Academy Sports and Outdoors by 517.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after purchasing an additional 880 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in Academy Sports and Outdoors during the fourth quarter worth about $73,000.

Academy Sports and Outdoors Stock Up 3.8 %

NASDAQ ASO opened at $53.78 on Thursday. The firm has a market cap of $3.88 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.41. The stock’s 50 day simple moving average is $56.42 and its 200 day simple moving average is $62.28. Academy Sports and Outdoors has a one year low of $42.83 and a one year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last announced its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 earnings per share. As a group, sell-side analysts forecast that Academy Sports and Outdoors will post 6.51 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Thursday, June 20th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

About Academy Sports and Outdoors

(Get Free Report

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.

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Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

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