Telsey Advisory Group Reaffirms "Outperform" Rating for Academy Sports and Outdoors (NASDAQ:ASO)

Telsey Advisory Group reiterated their outperform rating on shares of Academy Sports and Outdoors (NASDAQ:ASO - Free Report) in a research note released on Monday,Benzinga reports. They currently have a $60.00 price objective on the stock.

A number of other research analysts have also weighed in on the stock. TD Cowen boosted their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Robert W. Baird cut their price objective on 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. Wedbush reaffirmed an "outperform" rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Citigroup assumed coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a "buy" rating and a $65.00 price target on the stock. Finally, Truist Financial increased their price objective 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.38.

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Academy Sports and Outdoors Stock Down 0.4 %

Academy Sports and Outdoors stock traded down $0.19 during trading hours on Monday, hitting $47.23. The company had a trading volume of 4,848,375 shares, compared to its average volume of 1,573,393. 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 has a fifty-two week low of $43.16 and a fifty-two week high of $68.96. The firm's fifty day moving average is $51.30 and its 200-day moving average is $53.22. The firm has a market capitalization of $3.28 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings data 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. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the prior year, the company posted $2.21 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down 6.6% on a year-over-year basis. On average, research analysts forecast that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be issued a $0.13 dividend. 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 dividend yield of 1.10%. Academy Sports and Outdoors's dividend payout ratio is presently 8.54%.

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in shares of Academy Sports and Outdoors by 15.3% in the 3rd quarter. Victory Capital Management Inc. now owns 51,988 shares of the company's stock valued at $3,034,000 after purchasing an additional 6,894 shares in the last quarter. KBC Group NV lifted its holdings in Academy Sports and Outdoors by 24.3% during the 3rd quarter. KBC Group NV now owns 2,084 shares of the company's stock valued at $122,000 after purchasing an additional 408 shares during the last quarter. Prudent Man Advisors LLC acquired a new position in Academy Sports and Outdoors in the third quarter valued at about $205,000. Islay Capital Management LLC bought a new stake in Academy Sports and Outdoors during the third quarter worth about $1,299,000. Finally, Aviance Capital Partners LLC increased its holdings in shares of Academy Sports and Outdoors by 39.4% during the third quarter. Aviance Capital Partners LLC now owns 74,859 shares of the company's stock worth $4,369,000 after buying an additional 21,160 shares in 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.