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

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $61.07.

ASO has been the topic of several research reports. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. Robert W. Baird reduced their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday. TD Cowen raised their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday, September 11th. Truist Financial increased their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Telsey Advisory Group reduced their target price 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.

Academy Sports and Outdoors Trading Up 3.7 %

ASO opened at $54.52 on Thursday. The firm’s 50 day moving average is $51.50 and its 200-day moving average is $53.47. The firm has a market capitalization of $3.83 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.97 and a beta of 1.31. Academy Sports and Outdoors has a 52-week low of $44.73 and a 52-week high of $75.73. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data 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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. Academy Sports and Outdoors’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.38 earnings per share. Analysts expect that Academy Sports and Outdoors will post 6 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.79%.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the sale, the director now directly owns 8,906 shares in the company, valued at $552,172. The trade was a 11.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.19% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of large investors have recently bought and sold shares of ASO. FMR LLC grew its holdings in Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after purchasing an additional 1,422,971 shares during the last quarter. Pacer Advisors Inc. bought a new position in Academy Sports and Outdoors in the 2nd quarter worth $174,054,000. Dimensional Fund Advisors LP raised its holdings in Academy Sports and Outdoors by 19.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after acquiring an additional 481,640 shares during the period. Geode Capital Management LLC lifted its position in Academy Sports and Outdoors by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after acquiring an additional 50,715 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Academy Sports and Outdoors by 4.2% during the second quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after acquiring an additional 69,700 shares during the period.

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.