Academy Sports and Outdoors (NASDAQ:ASO) Price Target Cut to $70.00 by Analysts at Evercore ISI

Academy Sports and Outdoors (NASDAQ:ASO) had its price target reduced by Evercore ISI from $75.00 to $70.00 in a report published on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms also recently commented on ASO. Wedbush reissued an outperform rating and set a $80.00 target price on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. B. Riley reaffirmed a buy rating and issued a $72.00 price objective (up from $65.00) on shares of Academy Sports and Outdoors in a research report on Monday, March 25th. Telsey Advisory Group reduced their price objective on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an outperform rating for the company in a research report on Thursday, March 21st. Truist Financial reaffirmed a buy rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, March 19th. Finally, Wells Fargo & Company reduced their price objective on shares of Academy Sports and Outdoors from $88.00 to $83.00 and set an overweight rating for the company in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $74.00.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $59.35 on Tuesday. The firm has a market cap of $4.42 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The firm’s fifty day moving average is $67.71 and its 200-day moving average is $59.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Tuesday, March 26th will be paid a dividend of $0.11 per share. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, March 25th. Academy Sports and Outdoors’s dividend payout ratio is presently 6.55%.

Institutional Trading of Academy Sports and Outdoors

A number of institutional investors have recently modified their holdings of ASO. Raymond James Financial Services Advisors Inc. lifted its stake in Academy Sports and Outdoors by 4.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 48,019 shares of the company’s stock worth $1,892,000 after purchasing an additional 1,951 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Academy Sports and Outdoors by 117.2% in the 1st quarter. Bank of New York Mellon Corp now owns 850,956 shares of the company’s stock worth $33,529,000 after purchasing an additional 459,085 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Academy Sports and Outdoors by 42.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the company’s stock worth $190,000 after purchasing an additional 1,419 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in Academy Sports and Outdoors in the 1st quarter worth approximately $447,000. Finally, MetLife Investment Management LLC lifted its stake in Academy Sports and Outdoors by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 42,967 shares of the company’s stock worth $1,693,000 after purchasing an additional 15,599 shares in the last quarter.

Academy Sports and Outdoors Company Profile

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.