Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $74.00 Average Target Price from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $73.82.

Several equities research analysts have issued reports on the company. Evercore ISI cut their target price on Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Wedbush reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, April 1st. TD Cowen dropped their price objective on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Wells Fargo & Company dropped their price objective on Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the sale, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.56% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its position in Academy Sports and Outdoors by 23.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 370,715 shares of the company’s stock worth $24,467,000 after purchasing an additional 70,438 shares during the period. Meritage Portfolio Management increased its position in Academy Sports and Outdoors by 2.1% during the 4th quarter. Meritage Portfolio Management now owns 8,337 shares of the company’s stock worth $550,000 after purchasing an additional 174 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in Academy Sports and Outdoors during the 4th quarter worth approximately $1,842,000. Vaughan Nelson Investment Management L.P. acquired a new position in Academy Sports and Outdoors during the 4th quarter worth approximately $25,933,000. Finally, Verity Asset Management Inc. increased its position in Academy Sports and Outdoors by 53.2% during the 3rd quarter. Verity Asset Management Inc. now owns 23,958 shares of the company’s stock worth $1,132,000 after purchasing an additional 8,316 shares during the period.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $60.72 on Wednesday. Academy Sports and Outdoors has a one year low of $42.83 and a one year high of $75.73. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.86 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. The business’s 50 day moving average price is $66.19 and its 200 day moving average price is $59.90.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were issued a $0.11 dividend. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Monday, March 25th. Academy Sports and Outdoors’s payout ratio is presently 6.55%.

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.