Academy Sports and Outdoors (NASDAQ:ASO) Price Target Lowered to $60.00 at Wedbush

Academy Sports and Outdoors (NASDAQ:ASO) had its target price decreased by Wedbush from $65.00 to $60.00 in a report released on Friday morning,Benzinga reports. Wedbush currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on ASO. Morgan Stanley dropped their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday. Oppenheimer dropped their target price on Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday. UBS Group dropped their price target on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday. Citigroup dropped their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Finally, TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus price target of $60.38.

Academy Sports and Outdoors Trading Down 0.4 %

Shares of Academy Sports and Outdoors stock opened at $47.23 on Friday. Academy Sports and Outdoors has a 52 week low of $43.16 and a 52 week high of $68.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The stock has a 50 day moving average price of $51.09 and a two-hundred day moving average price of $53.16. The stock has a market capitalization of $3.28 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company earned $2.21 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.10%. Academy Sports and Outdoors’s payout ratio is presently 8.54%.

Institutional Trading of Academy Sports and Outdoors

Several hedge funds have recently made changes to their positions in the company. TD Private Client Wealth LLC purchased a new position in shares of Academy Sports and Outdoors in the third quarter valued at $40,000. AlphaQuest LLC grew its position in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after purchasing an additional 915 shares in the last quarter. LGT Financial Advisors LLC grew its position in shares of Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after purchasing an additional 843 shares in 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.