Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $73.88.

ASO has been the topic of a number of recent research reports. Truist Financial reaffirmed a “buy” rating and issued a $77.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, March 19th. Jefferies Financial Group initiated coverage on shares of Academy Sports and Outdoors in a research note on Friday, April 12th. They issued a “buy” rating and a $85.00 price target on the stock. Wedbush reiterated an “outperform” rating and issued a $80.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, April 1st. Telsey Advisory Group dropped 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 research note on Thursday, March 21st. Finally, Morgan Stanley dropped their price target on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, March 22nd.

Academy Sports and Outdoors Stock Down 4.0 %

NASDAQ:ASO opened at $58.30 on Wednesday. The firm’s 50-day moving average price is $65.80 and its 200-day moving average price is $60.33. The company has a market capitalization of $4.30 billion, a PE ratio of 8.68, a P/E/G ratio of 0.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.51. Academy Sports and Outdoors has a 1-year low of $42.83 and a 1-year high of $75.73.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were issued a dividend of $0.11 per share. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Monday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.55%.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mission Wealth Management LP bought a new position in shares of Academy Sports and Outdoors during the 1st quarter valued at approximately $358,000. Principal Financial Group Inc. boosted its position in shares of Academy Sports and Outdoors by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 444,479 shares of the company’s stock valued at $30,020,000 after acquiring an additional 18,585 shares during the last quarter. Peregrine Capital Management LLC boosted its position in shares of Academy Sports and Outdoors by 1.6% during the 1st quarter. Peregrine Capital Management LLC now owns 161,523 shares of the company’s stock valued at $10,909,000 after acquiring an additional 2,543 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Academy Sports and Outdoors during the 1st quarter valued at approximately $3,736,000. Finally, Hunter Perkins Capital Management LLC boosted its position in shares of Academy Sports and Outdoors by 21.7% during the 1st quarter. Hunter Perkins Capital Management LLC now owns 13,600 shares of the company’s stock valued at $919,000 after acquiring an additional 2,425 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, 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.