Academy Sports and Outdoors (NASDAQ:ASO) Earns Buy Rating from Loop Capital

Loop Capital reaffirmed their buy rating on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research note released on Monday, Benzinga reports. They currently have a $77.00 price target on the stock.

Other research analysts have also recently issued research reports about the stock. Telsey Advisory Group reiterated an outperform rating and set a $75.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, June 11th. Evercore ISI boosted their price objective on shares of Academy Sports and Outdoors from $60.00 to $70.00 and gave the company an outperform rating in a research report on Thursday, June 20th. Bank of America cut shares of Academy Sports and Outdoors from a buy rating to a neutral rating and cut their price objective for the company from $75.00 to $63.00 in a research report on Tuesday, June 11th. Truist Financial lowered their target price on shares of Academy Sports and Outdoors from $75.00 to $73.00 and set a buy rating for the company in a research note on Monday, June 10th. Finally, Jefferies Financial Group began coverage on shares of Academy Sports and Outdoors in a research note on Friday, April 12th. They set a buy rating and a $85.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $67.87.

Academy Sports and Outdoors Trading Up 0.6 %

Shares of ASO opened at $50.94 on Monday. The company’s fifty day moving average is $55.04 and its 200 day moving average is $61.92. Academy Sports and Outdoors has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The stock has a market capitalization of $3.67 billion, a PE ratio of 7.79, a P/E/G ratio of 0.89 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 1.62.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm earned $1.19 EPS. The company’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts expect that Academy Sports and Outdoors will post 6.4 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Thursday, June 20th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now directly owns 7,870 shares of the company’s stock, valued at $472,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.19% of the company’s stock.

Institutional Trading of Academy Sports and Outdoors

Several hedge funds have recently modified their holdings of ASO. Norges Bank acquired a new position in shares of Academy Sports and Outdoors during the fourth quarter valued at about $47,768,000. Point72 Asset Management L.P. increased its holdings in shares of Academy Sports and Outdoors by 36.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after acquiring an additional 559,414 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Academy Sports and Outdoors during the fourth quarter valued at about $25,933,000. LSV Asset Management increased its holdings in Academy Sports and Outdoors by 28.4% in the 4th quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock worth $109,068,000 after buying an additional 365,855 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Academy Sports and Outdoors by 953.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 403,467 shares of the company’s stock worth $26,629,000 after buying an additional 365,168 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.