Barclays Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $49.00

Academy Sports and Outdoors (NASDAQ:ASOFree Report) had its target price trimmed by Barclays from $59.00 to $49.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

ASO has been the topic of several other reports. Morgan Stanley boosted their price target on shares of Academy Sports and Outdoors from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Jefferies Financial Group restated a “buy” rating and set a $61.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday. Bank of America lifted their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. UBS Group boosted their target price on shares of Academy Sports and Outdoors from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Hold” and a consensus price target of $57.36.

View Our Latest Stock Report on ASO

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO opened at $51.95 on Wednesday. Academy Sports and Outdoors has a 1 year low of $33.34 and a 1 year high of $62.44. The firm has a market cap of $3.34 billion, a P/E ratio of 9.34, a PEG ratio of 0.82 and a beta of 1.23. The stock has a fifty day moving average price of $57.59 and a two-hundred day moving average price of $52.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.89.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.08). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.76 billion. Academy Sports and Outdoors had a return on equity of 17.88% and a net margin of 6.22%.The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 EPS. Research analysts forecast that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, March 20th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.2%. Academy Sports and Outdoors’s payout ratio is currently 9.51%.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC raised its position in shares of Academy Sports and Outdoors by 139.8% in the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $26,000 after acquiring an additional 281 shares during the period. Nisa Investment Advisors LLC increased its stake in Academy Sports and Outdoors by 32.6% in the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock valued at $51,000 after purchasing an additional 252 shares in the last quarter. Huntington National Bank increased its stake in Academy Sports and Outdoors by 47.3% in the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock valued at $51,000 after purchasing an additional 326 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Academy Sports and Outdoors in the fourth quarter worth $51,000. Finally, Hantz Financial Services Inc. raised its holdings in Academy Sports and Outdoors by 117.8% in the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock worth $56,000 after purchasing an additional 602 shares during the period.

Trending Headlines about Academy Sports and Outdoors

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About Academy Sports and Outdoors

(Get Free Report)

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.

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

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