Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Consensus Rating of “Moderate Buy” by Brokerages

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $74.00.

Several analysts recently weighed in on ASO shares. Telsey Advisory Group decreased their price target on Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. Truist Financial restated a “buy” rating and issued a $77.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday, March 19th. Jefferies Financial Group initiated coverage on shares of Academy Sports and Outdoors in a report on Friday, April 12th. They set a “buy” rating and a $85.00 price target on the stock. Wedbush reissued an “outperform” rating and issued a $80.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. boosted their target price on Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th.

Academy Sports and Outdoors Price Performance

ASO stock opened at $59.27 on Wednesday. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73. The firm has a market capitalization of $4.41 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 0.83 and a beta of 1.35. The company has a fifty day simple moving average of $66.72 and a two-hundred day simple moving average of $59.79. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 25th. Academy Sports and Outdoors’s payout ratio is presently 6.55%.

Institutional Trading of Academy Sports and Outdoors

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

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.