Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $58.2857.

Several brokerages have recently commented on ASO. JPMorgan Chase & Co. decreased their target price on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. Barclays increased their price objective on Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 10th. Truist Financial raised their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, September 10th. The Goldman Sachs Group lowered their target price on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. Finally, UBS Group upped their target price on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, September 10th.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Brian Marley sold 10,432 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $53.25, for a total value of $555,504.00. Following the completion of the sale, the director owned 32,607 shares in the company, valued at $1,736,322.75. This represents a 24.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Samuel J. Johnson sold 70,303 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total transaction of $3,640,992.37. Following the transaction, the president owned 36,861 shares in the company, valued at approximately $1,909,031.19. This represents a 65.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 106,315 shares of company stock worth $5,576,537. Company insiders own 4.08% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new position in Academy Sports and Outdoors in the second quarter worth approximately $38,000. EverSource Wealth Advisors LLC lifted its stake in Academy Sports and Outdoors by 38.9% in the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock valued at $52,000 after acquiring an additional 258 shares during the last quarter. State of Wyoming acquired a new stake in Academy Sports and Outdoors in the second quarter valued at approximately $55,000. Clearstead Advisors LLC grew its position in Academy Sports and Outdoors by 192.6% in the fourth quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock worth $65,000 after acquiring an additional 863 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Academy Sports and Outdoors in the second quarter worth approximately $104,000.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $48.29 on Wednesday. The company has a 50-day moving average of $47.60 and a two-hundred day moving average of $51.24. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.68 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 0.35. Academy Sports and Outdoors has a one year low of $41.29 and a one year high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.07 by $0.24. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. On average, equities research analysts expect that Academy Sports and Outdoors will post 6.21 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. Academy Sports and Outdoors’s payout ratio is presently 10.00%.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer based in Katy, Texas. The company operates stores and an e-commerce platform serving customers across the southern, southeastern and midwestern United States.

Its merchandise includes sporting goods and equipment, outdoor and adventure products, hunting and fishing gear, athletic and casual footwear, apparel, and related accessories. Academy serves a broad customer base through a value-oriented assortment of national brands and private-label products.

The company traces its history to 1938, when it was founded in San Antonio, Texas, as a small tire shop.