Academy Sports and Outdoors (NASDAQ:ASO) Stock Rating Reaffirmed by Wells Fargo & Company

Wells Fargo & Company reiterated their equal weight rating on shares of Academy Sports and Outdoors (NASDAQ:ASOFree Report) in a research note published on Wednesday, Benzinga reports. They currently have a $55.00 price objective on the stock, down from their prior price objective of $80.00.

ASO has been the topic of a number of other reports. B. Riley reiterated a buy rating and issued a $72.00 price target (up from $65.00) on shares of Academy Sports and Outdoors in a research report on Monday, March 25th. Evercore ISI lowered their price target on Academy Sports and Outdoors from $75.00 to $70.00 and set an outperform rating on the stock in a research report on Tuesday, April 16th. UBS Group cut Academy Sports and Outdoors from a buy rating to a neutral rating and decreased their target price for the stock from $81.00 to $58.00 in a report on Wednesday. Wedbush restated an outperform rating and set a $80.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, June 5th. Finally, Morgan Stanley decreased their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an equal weight rating on the stock in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors has an average rating of Moderate Buy and a consensus price target of $66.27.

View Our Latest Research Report on Academy Sports and Outdoors

Academy Sports and Outdoors Stock Performance

ASO opened at $51.79 on Wednesday. The stock has a market cap of $3.74 billion, a PE ratio of 7.92, a P/E/G ratio of 0.84 and a beta of 1.37. The company has a current ratio of 1.62, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 1 year low of $42.83 and a 1 year high of $75.73. The stock’s 50 day simple moving average is $56.60 and its 200-day simple moving average is $62.18.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last announced its quarterly earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company earned $1.19 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts forecast that Academy Sports and Outdoors will post 6.57 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Thursday, June 20th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio is presently 6.73%.

Insider Activity at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the transaction, the director now directly owns 7,870 shares in the company, valued at approximately $472,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.19% of the stock is owned by insiders.

Institutional Trading of Academy Sports and Outdoors

Several institutional investors have recently added to or reduced their stakes in ASO. Jones Financial Companies Lllp acquired a new position in Academy Sports and Outdoors in the 4th quarter valued at $26,000. Headlands Technologies LLC acquired a new position in Academy Sports and Outdoors in the 1st quarter valued at $35,000. Future Financial Wealth Managment LLC acquired a new position in Academy Sports and Outdoors in the 1st quarter valued at $68,000. EverSource Wealth Advisors LLC raised its holdings in Academy Sports and Outdoors by 517.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after acquiring an additional 880 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in Academy Sports and Outdoors in the 4th quarter valued at $73,000.

About Academy Sports and Outdoors

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

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