Brokerages Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Price Target at $58.53

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $58.5333.

A number of analysts have recently issued reports on ASO shares. UBS Group lowered their price objective on Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, June 10th. Weiss Ratings downgraded shares of Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Truist Financial lowered their price target on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Wednesday, June 10th. Finally, Stephens initiated coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 price objective for the company.

Academy Sports and Outdoors Stock Down 1.5%

ASO stock opened at $48.35 on Tuesday. Academy Sports and Outdoors has a twelve month low of $41.29 and a twelve month high of $62.44. The company has a market cap of $3.00 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.71 and a beta of 1.05. The business’s 50-day simple moving average is $49.49 and its 200 day simple moving average is $53.92. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. On average, research analysts anticipate that Academy Sports and Outdoors will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 18th. Academy Sports and Outdoors’s payout ratio is 10.56%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Boston Partners lifted its stake in Academy Sports and Outdoors by 85.5% during the third quarter. Boston Partners now owns 1,302,141 shares of the company’s stock worth $65,416,000 after purchasing an additional 600,335 shares during the period. Norges Bank bought a new stake in shares of Academy Sports and Outdoors in the 4th quarter valued at approximately $29,301,000. Invesco Ltd. raised its holdings in shares of Academy Sports and Outdoors by 128.2% in the 4th quarter. Invesco Ltd. now owns 833,769 shares of the company’s stock worth $41,655,000 after buying an additional 468,457 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Academy Sports and Outdoors by 219.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 501,028 shares of the company’s stock worth $22,452,000 after buying an additional 344,376 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Academy Sports and Outdoors by 6,156.4% during the 3rd quarter. Voloridge Investment Management LLC now owns 344,788 shares of the company’s stock worth $17,246,000 after buying an additional 339,277 shares during the period.

Academy Sports and Outdoors Company Profile

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.