Academy Sports and Outdoors’ (ASO) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research note issued to investors on Monday,Benzinga reports. They currently have a $60.00 price target on the stock.

ASO has been the subject of a number of other reports. Wedbush reissued an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Citigroup started coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a “buy” rating and a $65.00 price target on the stock. Robert W. Baird dropped 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 note on Wednesday, December 11th. Truist Financial lifted their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Finally, TD Cowen upped their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.13.

Academy Sports and Outdoors Stock Up 2.5 %

NASDAQ ASO opened at $47.57 on Monday. The stock’s 50-day moving average price is $51.53 and its 200-day moving average price is $53.26. The company has a market capitalization of $3.30 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors has a 52 week low of $43.16 and a 52 week high of $72.16. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 annualized dividend and a yield of 1.09%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 8.54%.

Institutional Trading of Academy Sports and Outdoors

Hedge funds have recently made changes to their positions in the business. TD Private Client Wealth LLC purchased a new position in Academy Sports and Outdoors in the third quarter worth about $40,000. AlphaQuest LLC boosted its holdings in shares of Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after purchasing an additional 496 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after purchasing an additional 915 shares during the last quarter. LGT Financial Advisors LLC raised its holdings in Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after buying an additional 1,000 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after buying an additional 843 shares during 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.