Citigroup Issues Pessimistic Forecast for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO - Free Report) had its price objective reduced by Citigroup from $65.00 to $60.00 in a report published on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on ASO. Robert W. Baird lowered their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating for the company in a research report on Wednesday, December 11th. Truist Financial boosted their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Telsey Advisory Group reiterated an "outperform" rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday. TD Cowen boosted their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Finally, Wedbush restated an "outperform" rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $60.38.

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Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock traded up $0.71 on Monday, hitting $48.13. 907,171 shares of the company's stock were exchanged, compared to its average volume of 1,557,863. The stock has a market capitalization of $3.34 billion, a PE ratio of 7.91, a PEG ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors has a 1 year low of $43.16 and a 1 year high of $68.96. The company has a 50-day simple moving average of $51.30 and a 200-day simple moving average of $53.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company's revenue was down 6.6% on a year-over-year basis. During the same period last year, the firm earned $2.21 EPS. As a group, equities analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.08%. Academy Sports and Outdoors's dividend payout ratio is currently 8.54%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Hedge funds have recently modified their holdings of the business. TD Private Client Wealth LLC acquired a new stake in shares of Academy Sports and Outdoors in the third quarter valued at about $40,000. AlphaQuest LLC raised its position in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after buying an additional 496 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock valued at $57,000 after buying an additional 915 shares during the last quarter. LGT Financial Advisors LLC raised its position in shares of Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after buying an additional 1,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after buying an additional 843 shares during 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.