Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Free Report) has received an average recommendation of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat.com reports. Eight 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 analysts that have issued ratings on the stock in the last year is $61.67.
A number of equities analysts have weighed in on the stock. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. 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 report on Wednesday, December 11th. TD Cowen boosted their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Citigroup started coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Telsey Advisory Group lowered their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th.
Get Our Latest Stock Analysis on Academy Sports and Outdoors
Academy Sports and Outdoors Stock Performance
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 earnings per share. On average, research analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.
Academy Sports and Outdoors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 7.22%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Academy Sports and Outdoors by 15.3% in the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after purchasing an additional 1,422,971 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Academy Sports and Outdoors by 331.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock worth $55,210,000 after purchasing an additional 737,212 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Academy Sports and Outdoors by 62.5% in the third quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock worth $55,515,000 after purchasing an additional 365,929 shares during the last quarter. Verition Fund Management LLC grew its holdings in shares of Academy Sports and Outdoors by 203.2% in the third quarter. Verition Fund Management LLC now owns 514,017 shares of the company’s stock worth $29,998,000 after purchasing an additional 344,466 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Academy Sports and Outdoors by 8.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock worth $152,413,000 after purchasing an additional 197,384 shares during the last quarter.
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.
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