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

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

Several other research analysts have also issued reports on ASO. Telsey Advisory Group restated an "outperform" rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a report on Monday, March 17th. B. Riley dropped their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Friday. Morgan Stanley decreased their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a report on Friday. Robert W. Baird dropped their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, Truist Financial raised their target price on 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. Eight research 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 has a consensus rating of "Moderate Buy" and an average target price of $60.38.

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Academy Sports and Outdoors Trading Up 0.5 %

Shares of Academy Sports and Outdoors stock traded up $0.26 during trading on Friday, hitting $50.03. The company's stock had a trading volume of 2,066,554 shares, compared to its average volume of 1,539,299. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth 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 stock has a 50-day moving average price of $50.93 and a two-hundred day moving average price of $53.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company posted $2.21 EPS. The business's revenue was down 6.6% on a year-over-year basis. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio (DPR) is 9.01%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Institutional investors and hedge funds have recently made changes to their positions in the business. TD Private Client Wealth LLC acquired a new position in Academy Sports and Outdoors during the 3rd quarter valued at about $40,000. AlphaQuest LLC boosted its position in shares of Academy Sports and Outdoors by 240.8% during 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 grew its holdings in Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after buying an additional 915 shares in the last quarter. LGT Financial Advisors LLC raised its position in Academy Sports and Outdoors by 1,041.7% in the 4th 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 lifted its stake in Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after acquiring an additional 843 shares in 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.