Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $61.00 at TD Cowen

Academy Sports and Outdoors (NASDAQ:ASO) had its price target increased by TD Cowen from $54.00 to $61.00 in a research report released on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

A number of other research firms have also recently commented on ASO. Morgan Stanley reissued an “equal weight” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Jefferies Financial Group reduced their target price on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Truist Financial raised their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Wells Fargo & Company raised their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Finally, Loop Capital reissued a “buy” rating and issued a $77.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.67.

Academy Sports and Outdoors Trading Up 2.2 %

Shares of NASDAQ:ASO opened at $58.86 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.08 billion, a PE ratio of 9.67, a P/E/G ratio of 1.06 and a beta of 1.25. Academy Sports and Outdoors has a 12-month low of $44.73 and a 12-month high of $75.73. The business’s fifty day simple moving average is $52.62 and its 200-day simple moving average is $53.79.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 EPS. As a group, equities research analysts predict that Academy Sports and Outdoors will post 5.92 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.75%. Academy Sports and Outdoors’s payout ratio is 7.22%.

Institutional Trading of Academy Sports and Outdoors

Hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new position in Academy Sports and Outdoors during the third quarter worth $40,000. TD Private Client Wealth LLC purchased a new position in Academy Sports and Outdoors during the third quarter valued at $40,000. Farther Finance Advisors LLC grew its position in shares of Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth about $58,000.

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.