Academy Sports and Outdoors (NASDAQ:ASO) Given New $55.00 Price Target at UBS Group

Academy Sports and Outdoors (NASDAQ:ASO - Free Report) had its price objective lowered by UBS Group from $58.00 to $55.00 in a research note released on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities research analysts have also commented on the company. Wedbush restated an "outperform" rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Robert W. Baird reduced their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating for the company in a report on Wednesday, December 11th. Truist Financial raised their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $60.38.

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Academy Sports and Outdoors Trading Down 0.4 %

Shares of NASDAQ:ASO traded down $0.19 during midday trading on Tuesday, reaching $47.23. The company had a trading volume of 4,848,375 shares, compared to its average volume of 1,540,126. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors has a 1-year low of $43.16 and a 1-year high of $68.96. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The company has a fifty day simple moving average of $51.09 and a two-hundred day simple moving average of $53.15.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share 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 business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company posted $2.21 EPS. Academy Sports and Outdoors's revenue for the quarter was down 6.6% on a year-over-year basis. Research analysts predict that Academy Sports and Outdoors will post 5.59 earnings per share for the current 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 given a $0.13 dividend. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.10%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors's payout ratio is currently 8.54%.

Institutional Trading of Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently modified their holdings of ASO. FMR LLC increased its position in shares of Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company's stock valued at $626,755,000 after purchasing an additional 1,422,971 shares during the period. William Blair Investment Management LLC acquired a new stake in Academy Sports and Outdoors in the 4th quarter valued at $52,402,000. Norges Bank acquired a new position in Academy Sports and Outdoors in the fourth quarter worth $47,436,000. Stephens Investment Management Group LLC boosted its stake in Academy Sports and Outdoors by 331.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock worth $55,210,000 after purchasing an additional 737,212 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new position in Academy Sports and Outdoors in the fourth quarter worth $42,320,000.

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.