Academy Sports and Outdoors (NASDAQ:ASO) Price Target Increased to $63.00 by Analysts at Truist Financial

Academy Sports and Outdoors (NASDAQ:ASO) had its target price hoisted by Truist Financial from $60.00 to $63.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

ASO has been the subject of several other reports. Evercore ISI upped their target price on Academy Sports and Outdoors from $60.00 to $70.00 and gave the company an outperform rating in a report on Thursday, June 20th. Robert W. Baird decreased their target price on Academy Sports and Outdoors from $80.00 to $68.00 and set an outperform rating for the company in a research report on Wednesday, June 12th. Telsey Advisory Group restated an outperform rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. TD Cowen downgraded Academy Sports and Outdoors from a buy rating to a hold rating and cut their price target for the stock from $58.00 to $54.00 in a research note on Tuesday, August 13th. Finally, Loop Capital restated a buy rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, July 1st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $62.86.

Academy Sports and Outdoors Trading Up 5.6 %

NASDAQ:ASO opened at $59.01 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. 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 $4.26 billion, a PE ratio of 9.02, a PEG ratio of 0.94 and a beta of 1.34. The firm has a 50-day moving average of $53.61 and a 200-day moving average of $57.57.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the business earned $2.01 EPS. The business’s revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts expect that Academy Sports and Outdoors will post 6.25 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Insiders Place Their Bets

In other news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the completion of the transaction, the director now directly owns 10,106 shares in the company, valued at approximately $548,250.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.19% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp bought a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth $26,000. Headlands Technologies LLC bought a new position in shares of Academy Sports and Outdoors during the 1st quarter valued at about $35,000. Future Financial Wealth Managment LLC purchased a new position in shares of Academy Sports and Outdoors during the 1st quarter valued at about $68,000. EverSource Wealth Advisors LLC boosted its stake in Academy Sports and Outdoors by 517.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after buying an additional 880 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Academy Sports and Outdoors during the fourth quarter worth approximately $73,000.

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.