Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $61.00

Academy Sports and Outdoors (NASDAQ:ASO - Free Report) had its price objective increased by TD Cowen from $54.00 to $61.00 in a research note published on Wednesday morning,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Other research analysts have also recently issued reports about the company. Citigroup began coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a "buy" rating and a $65.00 target price on the stock. Morgan Stanley reissued an "equal weight" rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Loop Capital reaffirmed a "buy" rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Jefferies Financial Group cut their price objective on Academy Sports and Outdoors from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company increased 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $61.67.

Academy Sports and Outdoors Stock Performance

ASO traded up $1.29 on Wednesday, reaching $58.86. The stock had a trading volume of 1,820,910 shares, compared to its average volume of 1,606,988. The business's 50-day moving average price is $52.62 and its two-hundred day moving average price is $53.79. The company has a current ratio of 1.57, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 12-month low of $44.73 and a 12-month high of $75.73. The company has a market cap of $4.08 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted 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 7.49% and a return on equity of 23.32%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter last year, the firm earned $1.38 earnings per share. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. Sell-side analysts forecast that Academy Sports and Outdoors will post 5.92 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm 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 $0.11 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.75%. Academy Sports and Outdoors's dividend payout ratio is presently 7.22%.

Institutional Trading of Academy Sports and Outdoors

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. purchased a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Academy Sports and Outdoors in the third quarter valued at approximately $40,000. TD Private Client Wealth LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $40,000. Farther Finance Advisors LLC grew 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 valued at $43,000 after buying an additional 366 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in Academy Sports and Outdoors during the third quarter worth $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.