Academy Sports and Outdoors (NASDAQ:ASO) Given New $65.00 Price Target at B. Riley

Academy Sports and Outdoors (NASDAQ:ASO) had its price target trimmed by B. Riley from $70.00 to $65.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently commented on the stock. Citigroup dropped their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, March 17th. TD Cowen increased their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Wedbush reissued an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Telsey Advisory Group restated an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Finally, UBS Group decreased their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.38.

Academy Sports and Outdoors Trading Down 0.4 %

Shares of Academy Sports and Outdoors stock opened at $47.23 on Friday. The company has a market capitalization of $3.28 billion, a P/E ratio of 7.76, a P/E/G ratio of 1.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The company has a fifty day moving average of $51.09 and a 200 day moving average of $53.16. Academy Sports and Outdoors has a fifty-two week low of $43.16 and a fifty-two week high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm earned $2.21 EPS. The business’s revenue was down 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be given a $0.13 dividend. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio is 8.54%.

Institutional Trading of Academy Sports and Outdoors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of 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 acquiring an additional 1,422,971 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Academy Sports and Outdoors during the fourth quarter worth approximately $52,402,000. Norges Bank purchased a new position in shares of Academy Sports and Outdoors during the fourth quarter worth approximately $47,436,000. Stephens Investment Management Group LLC increased its position in shares of Academy Sports and Outdoors by 331.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock worth $55,210,000 after acquiring an additional 737,212 shares during the period. Finally, Hood River Capital Management LLC purchased a new position in shares of Academy Sports and Outdoors during the fourth quarter worth approximately $42,320,000.

Academy Sports and Outdoors Company Profile

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.