Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $58.54.

Several equities analysts have issued reports on the stock. Barclays upped their price objective on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, September 10th. Wells Fargo & Company raised Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. BMO Capital Markets set a $42.00 target price on Academy Sports and Outdoors and gave the company a “market perform” rating in a report on Thursday, September 10th. UBS Group upped their target price on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, September 10th. Finally, Truist Financial raised their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday, September 10th.

Get Our Latest Stock Report on Academy Sports and Outdoors

Academy Sports and Outdoors Price Performance

ASO stock opened at $71.18 on Thursday. The business has a 50 day moving average price of $53.99 and a 200 day moving average price of $53.07. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.94 and a beta of 0.94. Academy Sports and Outdoors has a fifty-two week low of $41.29 and a fifty-two week high of $71.29. The company has a quick ratio of 0.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.07 by $0.24. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm posted $1.94 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Equities research analysts anticipate that Academy Sports and Outdoors will post 6.24 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 16th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 16th. Academy Sports and Outdoors’s dividend payout ratio is presently 10.00%.

Insider Buying and Selling

In related news, President Samuel Johnson sold 70,303 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total transaction of $3,640,992.37. Following the completion of the sale, the president owned 36,861 shares in the company, valued at $1,909,031.19. This represents a 65.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian T. Marley sold 10,432 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total transaction of $555,504.00. Following the transaction, the director directly owned 32,607 shares in the company, valued at $1,736,322.75. The trade was a 24.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 106,315 shares of company stock worth $5,576,537. Insiders own 4.08% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. grew its stake in shares of Academy Sports and Outdoors by 2.3% in the 3rd quarter. Bessemer Group Inc. now owns 563,335 shares of the company’s stock valued at $27,092,000 after purchasing an additional 12,483 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Academy Sports and Outdoors by 11.3% during the third quarter. Hantz Financial Services Inc. now owns 4,946 shares of the company’s stock worth $238,000 after purchasing an additional 501 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Academy Sports and Outdoors by 4.3% during the third quarter. Royce & Associates LP now owns 1,131,420 shares of the company’s stock worth $54,410,000 after purchasing an additional 46,800 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the third quarter worth $56,415,000. Finally, Maryland State Retirement & Pension System grew its position in Academy Sports and Outdoors by 46.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 13,746 shares of the company’s stock valued at $661,000 after buying an additional 4,336 shares during the last quarter.

Academy Sports and Outdoors Company Profile

(Get Free Report)

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer that sells products through its stores and e-commerce platform. Its merchandise includes sports and fitness equipment, outdoor and camping gear, hunting and fishing supplies, apparel, footwear and recreation products.

The company serves customers primarily in the southern and eastern United States through a network of retail locations. Its stores offer products for a range of sports and outdoor activities, as well as items for everyday use.

Founded in 1938, Academy began as a family-owned business in Texas and grew into a regional sporting goods retailer.

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Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

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