Academy Sports and Outdoors (NASDAQ:ASO) PT Lowered to $80.00 at Wells Fargo & Company

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective trimmed by Wells Fargo & Company from $83.00 to $80.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued research reports about the company. Evercore ISI cut their price objective on Academy Sports and Outdoors from $75.00 to $70.00 and set an outperform rating on the stock in a research report on Tuesday, April 16th. Wedbush reaffirmed an outperform rating and set a $80.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. Truist Financial reaffirmed a buy rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, March 19th. JPMorgan Chase & Co. upped their price objective on Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an overweight rating in a research report on Wednesday, March 20th. Finally, Telsey Advisory Group dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $73.82.

Academy Sports and Outdoors Stock Up 2.8 %

Academy Sports and Outdoors stock opened at $60.72 on Thursday. Academy Sports and Outdoors has a twelve month low of $42.83 and a twelve month high of $75.73. The stock’s fifty day simple moving average is $66.19 and its 200-day simple moving average is $60.00. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.48 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.86 and a beta of 1.35.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were issued a dividend of $0.11 per share. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.44 annualized dividend and a dividend yield of 0.72%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.55%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the transaction, the director now owns 7,870 shares of the company’s stock, valued at $472,200. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $26,000. Future Financial Wealth Managment LLC acquired a new stake in Academy Sports and Outdoors in the first quarter valued at about $68,000. EverSource Wealth Advisors LLC lifted its position in Academy Sports and Outdoors by 517.6% in 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. Kapitalo Investimentos Ltda acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at about $73,000. Finally, GAMMA Investing LLC acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at about $83,000.

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.