Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) have earned an average rating of "Hold" from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $61.33.

A number of equities research analysts recently issued reports on ASO shares. Evercore ISI cut shares of Academy Sports and Outdoors from an "outperform" rating to an "in-line" rating and dropped their price target for the company from $65.00 to $60.00 in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 11th. Morgan Stanley reiterated an "equal weight" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. TD Cowen increased their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a "hold" rating in a report on Wednesday, September 11th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO traded down $2.13 during trading hours on Monday, reaching $57.92. The company had a trading volume of 1,942,685 shares, compared to its average volume of 1,489,563. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. Academy Sports and Outdoors has a 1-year low of $44.73 and a 1-year high of $75.73. The business's 50 day moving average price is $51.92 and its 200-day moving average price is $53.58. The firm has a market cap of $4.02 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.39 billion. During the same period last year, the company posted $1.38 earnings per share. The business's quarterly revenue was down 3.9% on a year-over-year basis. Research analysts forecast that Academy Sports and Outdoors will post 5.92 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.76%. The ex-dividend date is Wednesday, December 18th. Academy Sports and Outdoors's payout ratio is currently 7.22%.

Institutional Trading of Academy Sports and Outdoors

Several institutional investors have recently made changes to their positions in ASO. Pacer Advisors Inc. acquired a new position in Academy Sports and Outdoors in the second quarter valued at about $174,054,000. FMR LLC raised its stake in shares of Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company's stock valued at $626,755,000 after acquiring an additional 1,422,971 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Academy Sports and Outdoors by 19.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company's stock worth $158,147,000 after acquiring an additional 481,640 shares during the last quarter. Royce & Associates LP boosted its position in shares of Academy Sports and Outdoors by 62.5% during the 3rd quarter. Royce & Associates LP now owns 951,256 shares of the company's stock worth $55,515,000 after purchasing an additional 365,929 shares during the period. Finally, Verition Fund Management LLC increased its holdings in Academy Sports and Outdoors by 203.2% in the 3rd quarter. Verition Fund Management LLC now owns 514,017 shares of the company's stock valued at $29,998,000 after purchasing an additional 344,466 shares during the last quarter.

Academy Sports and Outdoors Company Profile

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.