Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $61.67 Average Target Price from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $61.13.

ASO has been the topic of several research analyst reports. Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. UBS Group cut their target price on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday. Citigroup reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Monday. Robert W. Baird lowered their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Finally, Truist Financial upped their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th.

Academy Sports and Outdoors Stock Up 2.5 %

ASO stock opened at $47.57 on Friday. The company’s 50 day moving average is $51.53 and its two-hundred day moving average is $53.26. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $72.16. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.30 billion, a P/E ratio of 7.81, a PEG ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors Increases Dividend

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

Hedge Funds Weigh In On Academy Sports and Outdoors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of Academy Sports and Outdoors by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after purchasing an additional 50,715 shares during the period. Citigroup Inc. grew its position in Academy Sports and Outdoors by 66.4% during the third quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock worth $5,582,000 after buying an additional 38,155 shares during the period. FMR LLC grew its position in Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after buying an additional 1,422,971 shares during the period. Bank of New York Mellon Corp grew its position in Academy Sports and Outdoors by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock worth $40,974,000 after buying an additional 90,592 shares during the period. Finally, Qsemble Capital Management LP acquired a new stake in shares of Academy Sports and Outdoors in the 3rd quarter worth approximately $633,000.

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.