Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $55.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective upped by Evercore ISI from $50.00 to $55.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an in-line rating on the stock.

Other equities analysts have also recently issued reports about the stock. Loop Capital set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, July 21st. Truist Financial boosted their price target on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, June 11th. Monness Crespi & Hardt started coverage on shares of Academy Sports and Outdoors in a report on Monday, August 4th. They issued a “buy” rating and a $65.00 price target for the company. Telsey Advisory Group boosted their price objective on shares of Academy Sports and Outdoors from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, UBS Group cut their price objective on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 4th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and a consensus target price of $58.35.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $53.66 on Tuesday. Academy Sports and Outdoors has a 52-week low of $33.34 and a 52-week high of $64.61. The stock has a market cap of $3.57 billion, a PE ratio of 9.86, a PEG ratio of 1.06 and a beta of 1.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. The firm’s 50 day moving average price is $51.12 and its two-hundred day moving average price is $46.42.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business posted $1.08 earnings per share. Academy Sports and Outdoors’s revenue was down .9% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. As a group, analysts forecast that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. Academy Sports and Outdoors’s payout ratio is currently 9.56%.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Christopher Lee Turner sold 4,400 shares of the company’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value of $195,712.00. Following the transaction, the director owned 7,084 shares in the company, valued at approximately $315,096.32. This represents a 38.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in shares of Academy Sports and Outdoors by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 345,718 shares of the company’s stock worth $15,768,000 after purchasing an additional 4,279 shares in the last quarter. Fund 1 Investments LLC acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $4,929,000. Allspring Global Investments Holdings LLC grew its position in shares of Academy Sports and Outdoors by 4.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company’s stock worth $299,000 after purchasing an additional 283 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $2,342,000. Finally, GAMMA Investing LLC grew its position in shares of Academy Sports and Outdoors by 10,181.5% during the 1st quarter. GAMMA Investing LLC now owns 127,799 shares of the company’s stock worth $5,829,000 after purchasing an additional 126,556 shares in the last quarter.

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.