Evercore ISI Trims Academy Sports and Outdoors (NASDAQ:ASO) Target Price to $70.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective reduced by Evercore ISI from $75.00 to $70.00 in a report published on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also weighed in on the company. Jefferies Financial Group began coverage on Academy Sports and Outdoors in a report on Friday, April 12th. They issued a buy rating and a $85.00 target price for the company. Telsey Advisory Group reduced their target price on Academy Sports and Outdoors from $83.00 to $75.00 and set an outperform rating for the company in a report on Thursday, March 21st. JPMorgan Chase & Co. boosted their target price on Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an overweight rating in a report on Wednesday, March 20th. Wells Fargo & Company reduced their target price on Academy Sports and Outdoors from $88.00 to $83.00 and set an overweight rating for the company in a report on Friday, March 22nd. Finally, B. Riley restated a buy rating and issued a $72.00 target price (up from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $74.00.

Academy Sports and Outdoors Stock Down 2.0 %

Shares of Academy Sports and Outdoors stock opened at $56.48 on Tuesday. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.87 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.51. Academy Sports and Outdoors has a 52-week low of $42.83 and a 52-week high of $75.73. The stock has a 50-day simple moving average of $67.38 and a 200-day simple moving average of $59.29.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were given a dividend of $0.11 per share. The ex-dividend date was Monday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.78%. Academy Sports and Outdoors’s payout ratio is currently 6.55%.

Institutional Trading of Academy Sports and Outdoors

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in shares of Academy Sports and Outdoors during the fourth quarter valued at approximately $26,000. Advisory Services Network LLC increased its position in shares of Academy Sports and Outdoors by 139.2% during the first quarter. Advisory Services Network LLC now owns 421 shares of the company’s stock valued at $27,000 after purchasing an additional 245 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Academy Sports and Outdoors during the first quarter valued at approximately $68,000. Captrust Financial Advisors increased its position in shares of Academy Sports and Outdoors by 55.0% during the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after purchasing an additional 357 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Academy Sports and Outdoors by 517.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after purchasing an additional 880 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.