Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock Has Consensus Target Price of $58.29

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has received an average rating of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat.com reports. Eight investment 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 12-month price target among brokers that have issued ratings on the stock in the last year is $58.54.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th. Barclays boosted their target price on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 10th. BMO Capital Markets set a $42.00 target price on shares of Academy Sports and Outdoors and gave the company a “market perform” rating in a research note on Thursday, September 10th. Weiss Ratings upgraded shares of Academy Sports and Outdoors from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Finally, Truist Financial increased their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “hold” rating in a report on Thursday, September 10th.

Academy Sports and Outdoors Stock Performance

ASO opened at $54.90 on Friday. The firm has a market capitalization of $3.38 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. The stock’s 50 day moving average price is $48.37 and its two-hundred day moving average price is $50.57. 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 has a 12-month low of $41.29 and a 12-month high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.07 by $0.24. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business posted $1.94 EPS. The company’s revenue for the quarter 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. On average, equities analysts forecast that Academy Sports and Outdoors will post 6.23 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. Academy Sports and Outdoors’s dividend payout ratio is currently 10.00%.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Brian Marley sold 10,432 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $53.25, for a total value of $555,504.00. Following the completion of the sale, the director owned 32,607 shares in the company, valued at approximately $1,736,322.75. This trade represents a 24.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Samuel J. Johnson sold 70,303 shares of Academy Sports and Outdoors stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $51.79, for a total value of $3,640,992.37. Following the sale, the president directly owned 36,861 shares in the company, valued at approximately $1,909,031.19. This trade represents a 65.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 106,315 shares of company stock valued at $5,576,537 in the last ninety days. 4.08% of the stock is owned by company insiders.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Academy Sports and Outdoors in the 2nd quarter valued at $468,146,000. Canada Pension Plan Investment Board bought a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth about $61,207,000. Bank of New York Mellon Corp bought a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth about $27,742,000. Heartland Advisors Inc. acquired a new stake in shares of Academy Sports and Outdoors during the 2nd quarter valued at about $26,579,000. Finally, Bank of America Corp DE acquired a new stake in shares of Academy Sports and Outdoors during the 2nd quarter valued at about $20,434,000.

Academy Sports and Outdoors Company Profile

Academy Sports + Outdoors, Inc is a sporting goods retailer that sells equipment, apparel, footwear and related products for sports, outdoor recreation and active lifestyles. Its merchandise includes products for hunting, fishing, camping, boating, fitness, team sports, golf and outdoor living, as well as seasonal goods and licensed sports apparel.

The company operates a chain of retail stores across the southern, southeastern, midwestern and other regions of the United States, along with an e-commerce platform.