Oppenheimer Lowers Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $70.00

Academy Sports and Outdoors (NASDAQ:ASO - Free Report) had its price objective decreased by Oppenheimer from $85.00 to $70.00 in a research report sent to investors on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other equities research analysts have also commented on the stock. Robert W. Baird reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday. Telsey Advisory Group reissued an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Truist Financial increased their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. UBS Group cut their price target on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Finally, Citigroup decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $60.38.

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Academy Sports and Outdoors Trading Up 3.9 %

Shares of NASDAQ ASO traded up $1.85 during trading hours on Friday, reaching $49.08. The stock had a trading volume of 738,793 shares, compared to its average volume of 1,537,098. The business's fifty day moving average price is $51.09 and its two-hundred day moving average price is $53.15. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors has a 52-week low of $43.16 and a 52-week high of $68.96. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business's revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.21 EPS. Analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.06%. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio is presently 8.54%.

Hedge Funds Weigh In On Academy Sports and Outdoors

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. grew its holdings in Academy Sports and Outdoors by 15.3% during the third quarter. Victory Capital Management Inc. now owns 51,988 shares of the company's stock worth $3,034,000 after acquiring an additional 6,894 shares during the period. KBC Group NV boosted its position in Academy Sports and Outdoors by 24.3% in the 3rd quarter. KBC Group NV now owns 2,084 shares of the company's stock worth $122,000 after purchasing an additional 408 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $255,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $1,538,000. Finally, Intech Investment Management LLC acquired a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at $1,167,000.

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.