Analysts Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Price Target at $57.81

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $57.81.

ASO has been the topic of several research analyst reports. Wedbush reduced their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. UBS Group dropped their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Telsey Advisory Group reiterated an “outperform” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Citigroup reduced their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Finally, Robert W. Baird lowered their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Academy Sports and Outdoors by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company’s stock worth $212,807,000 after acquiring an additional 404,863 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Academy Sports and Outdoors by 8.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock worth $152,413,000 after purchasing an additional 197,384 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Academy Sports and Outdoors by 14.2% during the fourth quarter. LSV Asset Management now owns 1,940,041 shares of the company’s stock valued at $111,611,000 after purchasing an additional 241,100 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Academy Sports and Outdoors by 1.0% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,464,630 shares of the company’s stock valued at $84,260,000 after buying an additional 14,997 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in Academy Sports and Outdoors by 8.4% in the 1st quarter. Royce & Associates LP now owns 1,273,158 shares of the company’s stock worth $58,069,000 after buying an additional 98,582 shares in the last quarter.

Academy Sports and Outdoors Trading Down 0.3 %

NASDAQ:ASO opened at $37.68 on Friday. The firm has a market capitalization of $2.51 billion, a P/E ratio of 6.19, a P/E/G ratio of 1.02 and a beta of 1.29. 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 company has a fifty day moving average of $42.32 and a 200 day moving average of $49.20. Academy Sports and Outdoors has a 52 week low of $33.34 and a 52 week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.21 earnings per share. On average, research analysts predict that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were 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 1.38%. The ex-dividend date of this dividend was Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.01%.

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.