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

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $61.67.

Several analysts have weighed in on ASO shares. TD Cowen boosted their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Telsey Advisory Group lowered their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Truist Financial boosted their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Robert W. Baird lowered their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $50.84 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The company has a market capitalization of $3.53 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.03 and a beta of 1.23. The company has a fifty day moving average of $54.86 and a 200-day moving average of $53.91. Academy Sports and Outdoors has a 52-week low of $44.73 and a 52-week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). The business 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 earnings per share. As a group, equities research analysts predict that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is currently 7.22%.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new stake in Academy Sports and Outdoors in the third quarter worth about $28,000. V Square Quantitative Management LLC purchased a new stake in Academy Sports and Outdoors in the third quarter worth about $40,000. TD Private Client Wealth LLC purchased a new stake in Academy Sports and Outdoors in the third quarter worth about $40,000. AlphaQuest LLC grew its holdings in Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after purchasing an additional 496 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after purchasing an additional 366 shares during the period.

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.