Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Average Rating of “Buy” by Analysts


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.

Further Reading

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



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