Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $56.00

Academy Sports and Outdoors (NASDAQ:ASO) had its target price increased by JPMorgan Chase & Co. from $54.00 to $56.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

ASO has been the subject of several other reports. Cowen reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday. Truist Financial increased their price objective on Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday. Wells Fargo & Company increased their price objective on Academy Sports and Outdoors from $55.00 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday. Morgan Stanley reduced their price objective on Academy Sports and Outdoors from $55.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, June 11th. Finally, Evercore ISI increased their price objective on Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a report on Tuesday, August 26th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.71.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $50.86 on Wednesday. The company has a market cap of $3.39 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 1.00 and a beta of 1.30. Academy Sports and Outdoors has a 52 week low of $33.34 and a 52 week high of $64.61. The business has a 50 day moving average price of $51.89 and a 200-day moving average price of $46.34. The company has a quick ratio of 0.29, a current ratio of 1.64 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.13). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Equities analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 9.74%.

Insider Activity

In other news, Director Christopher Lee Turner sold 4,400 shares of the firm’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $44.48, for a total transaction of $195,712.00. Following the transaction, the director directly owned 7,084 shares of the company’s stock, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.62% of the company’s stock.

Institutional Trading of Academy Sports and Outdoors

Large investors have recently modified their holdings of the business. Huntington National Bank grew its stake in shares of Academy Sports and Outdoors by 214.6% in the second quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after purchasing an additional 470 shares during the last quarter. Your Advocates Ltd. LLP grew its stake in shares of Academy Sports and Outdoors by 101.5% in the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock worth $53,000 after purchasing an additional 362 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 657 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Academy Sports and Outdoors in the first quarter worth about $64,000.

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.