Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $65.00 at Robert W. Baird

Academy Sports and Outdoors (NASDAQ:ASO - Free Report) had its price objective cut by Robert W. Baird from $68.00 to $65.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in on the stock. Loop Capital reiterated a "buy" rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. TD Cowen lifted their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a "hold" rating in a research report on Wednesday, September 11th. Morgan Stanley restated an "equal weight" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Jefferies Financial Group reduced their target price on Academy Sports and Outdoors from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. Finally, Truist Financial downgraded Academy Sports and Outdoors from a "buy" rating to a "hold" rating and lowered their price target for the stock from $63.00 to $50.00 in a report on Tuesday, November 19th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $61.07.

Academy Sports and Outdoors Price Performance

Shares of ASO stock traded up $1.94 during trading hours on Wednesday, hitting $54.52. 2,876,725 shares of the company's stock were exchanged, compared to its average volume of 1,467,364. The stock's 50-day moving average is $51.52 and its 200-day moving average is $53.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. Academy Sports and Outdoors has a 52 week low of $44.73 and a 52 week high of $75.73. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business posted $1.38 earnings per share. The firm's quarterly revenue was down 3.9% on a year-over-year basis. As a group, research analysts forecast that Academy Sports and Outdoors will post 6 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.81%. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 6.79%.

Insider Buying and Selling

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the business's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now owns 8,906 shares of the company's stock, valued at approximately $552,172. The trade was a 11.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASO. Harbor Capital Advisors Inc. acquired a new position in Academy Sports and Outdoors in the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new stake in Academy Sports and Outdoors in the third quarter valued at $40,000. TD Private Client Wealth LLC bought a new position in Academy Sports and Outdoors during the 3rd quarter worth $40,000. Farther Finance Advisors LLC lifted its holdings in Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company's stock worth $43,000 after buying an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at about $58,000.

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.