Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $60.00 at Telsey Advisory Group

Academy Sports and Outdoors (NASDAQ:ASO) had its price target reduced by Telsey Advisory Group from $65.00 to $60.00 in a research report sent to investors on Thursday morning, Marketbeat.com reports. They currently have an outperform rating on the stock.

Several other research firms also recently issued reports on ASO. Evercore ISI downgraded Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Wells Fargo & Company boosted their price objective on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Jefferies Financial Group cut their price objective on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Wedbush reiterated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, Loop Capital reiterated a “buy” rating and issued a $77.00 price objective 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 given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.21.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO opened at $49.30 on Thursday. Academy Sports and Outdoors has a 52 week low of $44.73 and a 52 week high of $75.73. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $3.47 billion, a P/E ratio of 7.61, a P/E/G ratio of 0.96 and a beta of 1.31. The stock’s fifty day moving average is $51.93 and its two-hundred day moving average is $53.51.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the business earned $2.01 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts expect that Academy Sports and Outdoors will post 6.01 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.79%.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction 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 transaction, the director now directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. This trade represents a 11.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.19% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently bought and sold shares of ASO. Harbor Capital Advisors Inc. acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter valued at $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter valued at $40,000. TD Private Client Wealth LLC acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter valued at $40,000. Farther Finance Advisors LLC lifted its position in shares of 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 acquiring an additional 366 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter valued at $58,000.

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.