Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $65.00 at Robert W. Baird

Academy Sports and Outdoors (NASDAQ:ASO) had its target price reduced by Robert W. Baird from $68.00 to $65.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

ASO has been the subject of a number of other reports. Jefferies Financial Group dropped 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 research note on Wednesday, September 11th. Wells Fargo & Company lifted their price target on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Truist Financial cut Academy Sports and Outdoors from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $63.00 to $50.00 in a research note on Tuesday, November 19th. Loop Capital reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.07.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock opened at $54.52 on Wednesday. The firm has a market cap of $3.83 billion, a PE ratio of 8.41, a PEG ratio of 0.97 and a beta of 1.31. The stock has a 50 day moving average of $51.50 and a 200 day moving average of $53.47. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 12 month low of $44.73 and a 12 month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. The firm’s revenue was down 3.9% compared to the same quarter last year. On average, research analysts expect that Academy Sports and Outdoors will post 6 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

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

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 approximately $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.19% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently bought and sold shares of ASO. Harbor Capital Advisors Inc. purchased a new position in shares of Academy Sports and Outdoors during the third quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in Academy Sports and Outdoors during the 3rd quarter worth about $40,000. TD Private Client Wealth LLC purchased a new position in Academy Sports and Outdoors during the 3rd quarter valued at about $40,000. Farther Finance Advisors LLC increased its position in Academy Sports and Outdoors by 98.4% during the 3rd 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 bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at about $58,000.

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.