Academy Sports and Outdoors (NASDAQ:ASO) Rating Reiterated by B. Riley

B. Riley restated their buy rating on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a report released on Monday morning, Benzinga reports. B. Riley currently has a $72.00 target price on the stock, up from their previous target price of $65.00.

A number of other equities research analysts have also issued reports on ASO. Truist Financial reissued a buy rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th. Robert W. Baird lifted their target price on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the company an outperform rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. raised their price target on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an overweight rating in a report on Wednesday, March 20th. TD Cowen cut their price target on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an outperform rating on the stock in a report on Friday, March 22nd. Finally, Telsey Advisory Group cut their price target on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an outperform rating on the stock in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $73.81.

Academy Sports and Outdoors Trading Up 3.7 %

Academy Sports and Outdoors stock opened at $67.90 on Monday. The company has a 50 day moving average price of $68.20 and a 200 day moving average price of $57.84. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 0.86 and a beta of 1.38.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th will be issued a dividend of $0.11 per share. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, March 25th. This represents a $0.44 annualized dividend and a dividend yield of 0.65%. Academy Sports and Outdoors’s payout ratio is presently 6.55%.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,065 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $64.81, for a total transaction of $69,022.65. Following the transaction, the director now owns 9,070 shares in the company, valued at approximately $587,826.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.56% of the company’s stock.

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently made changes to their positions in the business. Trust Investment Advisors grew its stake in Academy Sports and Outdoors by 1.2% during the fourth quarter. Trust Investment Advisors now owns 14,792 shares of the company’s stock worth $976,000 after buying an additional 172 shares during the last quarter. Meritage Portfolio Management grew its stake in Academy Sports and Outdoors by 2.1% during the fourth quarter. Meritage Portfolio Management now owns 8,337 shares of the company’s stock worth $550,000 after buying an additional 174 shares during the last quarter. Centaurus Financial Inc. grew its stake in Academy Sports and Outdoors by 3.6% during the first quarter. Centaurus Financial Inc. now owns 4,975 shares of the company’s stock worth $325,000 after buying an additional 175 shares during the last quarter. Sunbelt Securities Inc. grew its stake in Academy Sports and Outdoors by 1.8% during the second quarter. Sunbelt Securities Inc. now owns 11,375 shares of the company’s stock worth $615,000 after buying an additional 202 shares during the last quarter. Finally, Prospera Financial Services Inc grew its stake in Academy Sports and Outdoors by 3.7% during the first quarter. Prospera Financial Services Inc now owns 6,026 shares of the company’s stock worth $393,000 after buying an additional 213 shares during 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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.