Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $70.00 at Oppenheimer

Academy Sports and Outdoors (NASDAQ:ASO) had its price target reduced by Oppenheimer from $85.00 to $70.00 in a research report released on Friday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on ASO. Morgan Stanley reduced their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday. UBS Group lowered their target price on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. B. Riley dropped their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Finally, Truist Financial increased their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.38.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $47.23 on Friday. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $68.96. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.28 billion, a P/E ratio of 7.76, a PEG ratio of 1.02 and a beta of 1.25. The business’s 50-day moving average price is $51.09 and its two-hundred day moving average price is $53.15.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business posted $2.21 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts predict that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 8.54%.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors have recently made changes to their positions in the company. TD Private Client Wealth LLC purchased a new position in shares of Academy Sports and Outdoors in the third quarter worth $40,000. AlphaQuest LLC increased its holdings in Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after buying an additional 496 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after acquiring an additional 915 shares during the period. LGT Financial Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after buying an additional 843 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.