Loop Capital Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $60.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective decreased by Loop Capital from $77.00 to $60.00 in a report issued on Tuesday morning,Benzinga reports. Loop Capital currently has a buy rating on the stock.

A number of other equities analysts also recently commented on ASO. Wedbush decreased their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, March 21st. UBS Group decreased their price target on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. JPMorgan Chase & Co. increased their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Citigroup decreased their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Finally, Evercore ISI dropped their price target on Academy Sports and Outdoors from $54.00 to $53.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.63.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $37.72 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors has a 1 year low of $33.34 and a 1 year high of $64.62. The firm’s 50-day simple moving average is $47.47 and its 200-day simple moving average is $51.50. The firm has a market cap of $2.53 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 1.02 and a beta of 1.26.

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

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors’s payout ratio is currently 9.01%.

Institutional Trading of Academy Sports and Outdoors

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