Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $58.37 Average Price Target from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned an average recommendation of “Hold” from the twenty research firms that are presently covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $58.3684.

Several research firms have weighed in on ASO. UBS Group reiterated a “neutral” rating and issued a $52.00 target price on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Academy Sports and Outdoors in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Evercore ISI increased their target price on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a report on Tuesday, October 14th. Finally, Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a report on Monday, August 4th. They issued a “buy” rating and a $65.00 target price on the stock.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $50.14 on Friday. Academy Sports and Outdoors has a 52-week low of $33.34 and a 52-week high of $61.25. The stock has a market cap of $3.34 billion, a PE ratio of 9.39, a PEG ratio of 0.99 and a beta of 1.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. The firm’s 50 day moving average price is $50.64 and its two-hundred day moving average price is $47.37.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.32). Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the business posted $2.03 earnings per share. Academy Sports and Outdoors’s revenue was up 3.3% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, analysts forecast that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th were issued a $0.13 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.52 annualized dividend and a yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 9.74%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank lifted its position in Academy Sports and Outdoors by 214.6% in the 2nd quarter. Huntington National Bank now owns 689 shares of the company’s stock valued at $31,000 after acquiring an additional 470 shares in the last quarter. Your Advocates Ltd. LLP lifted its position in Academy Sports and Outdoors by 101.5% in the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Academy Sports and Outdoors by 32.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock valued at $51,000 after acquiring an additional 252 shares in the last quarter. TD Private Client Wealth LLC lifted its position in Academy Sports and Outdoors by 45.6% in the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock valued at $53,000 after acquiring an additional 362 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Academy Sports and Outdoors by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after acquiring an additional 657 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.