Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) has received a consensus rating of “Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $55.55.
ASO has been the subject of several analyst reports. Trust Financial assumed coverage on Academy Sports and Outdoors in a report on Wednesday, May 11th. They set a “buy” rating and a $53.00 price objective for the company. The Goldman Sachs Group cut their target price on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, May 4th. Stephens upped their target price on Academy Sports and Outdoors from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, June 8th. UBS Group cut their price target on Academy Sports and Outdoors to $55.00 in a research report on Thursday, June 9th. Finally, Wells Fargo & Company cut their price target on Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, March 24th.
Shares of ASO opened at $34.35 on Friday. Academy Sports and Outdoors has a 12 month low of $25.10 and a 12 month high of $51.08. The stock has a fifty day moving average price of $36.39 and a 200-day moving average price of $37.44. The company has a current ratio of 1.56, a quick ratio of 0.44 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.92 billion, a PE ratio of 4.93, a P/E/G ratio of 0.51 and a beta of 1.65.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.41 by $0.32. Academy Sports and Outdoors had a return on equity of 47.24% and a net margin of 9.66%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business posted $1.89 EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, research analysts forecast that Academy Sports and Outdoors will post 7.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Thursday, June 16th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, June 15th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 4.30%.
Several large investors have recently bought and sold shares of ASO. Counterpoint Mutual Funds LLC acquired a new stake in shares of Academy Sports and Outdoors during the 1st quarter valued at about $26,000. Prospera Financial Services Inc acquired a new stake in shares of Academy Sports and Outdoors during the 1st quarter valued at about $26,000. Captrust Financial Advisors lifted its stake in Academy Sports and Outdoors by 55.0% in the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after buying an additional 357 shares in the last quarter. Future Financial Wealth Management LLC purchased a new position in Academy Sports and Outdoors in the 4th quarter valued at about $44,000. Finally, Nisa Investment Advisors LLC lifted its stake in Academy Sports and Outdoors by 826.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,390 shares of the company’s stock valued at $54,000 after buying an additional 1,240 shares in the last quarter. Hedge funds and other institutional investors own 89.94% of the company’s stock.
About Academy Sports and Outdoors (Get Rating)
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.
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