Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $62.50.

ASO has been the topic of a number of recent analyst reports. Morgan Stanley restated an “equal weight” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Jefferies Financial Group decreased their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. JPMorgan Chase & Co. cut shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $76.00 to $53.00 in a report on Monday, August 5th. Wells Fargo & Company increased their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Thursday, September 5th.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $54.21 on Wednesday. Academy Sports and Outdoors has a 1 year low of $43.07 and a 1 year high of $75.73. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. The firm has a fifty day moving average of $56.03 and a 200-day moving average of $55.33.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that Academy Sports and Outdoors will post 6.03 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is 6.73%.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now owns 8,906 shares in the company, valued at $552,172. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.19% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Plan Group Financial LLC bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at $334,000. Raymond James & Associates raised its holdings in shares of Academy Sports and Outdoors by 2.3% during the 3rd quarter. Raymond James & Associates now owns 40,116 shares of the company’s stock valued at $2,341,000 after purchasing an additional 892 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at $40,000. AlphaMark Advisors LLC raised its holdings in shares of Academy Sports and Outdoors by 18.5% during the 3rd quarter. AlphaMark Advisors LLC now owns 6,414 shares of the company’s stock valued at $374,000 after purchasing an additional 1,002 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC raised its holdings in shares of Academy Sports and Outdoors by 24.3% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 23,155 shares of the company’s stock valued at $1,351,000 after purchasing an additional 4,520 shares in the last quarter.

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.