Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been assigned an average rating of “Moderate Buy” from the nineteen analysts that are covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $58.9375.

A number of research firms have recently weighed in on ASO. JPMorgan Chase & Co. lowered their price objective on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. Stephens initiated coverage on Academy Sports and Outdoors in a research report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 target price on the stock. Wells Fargo & Company reiterated a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. The Goldman Sachs Group dropped their price target on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. Finally, B. Riley Financial restated a “buy” rating on shares of Academy Sports and Outdoors in a report on Wednesday, April 8th.

Academy Sports and Outdoors Trading Up 1.2%

NASDAQ:ASO opened at $47.84 on Friday. Academy Sports and Outdoors has a 52 week low of $41.29 and a 52 week high of $62.44. The firm has a 50 day moving average of $51.71 and a 200 day moving average of $54.69. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.68 and a beta of 1.05.

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

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 18th. Academy Sports and Outdoors’s payout ratio is currently 10.56%.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the transaction, the director owned 7,835 shares of the company’s stock, valued at approximately $470,100. This trade represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.62% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

Hedge funds have recently made changes to their positions in the company. Verity Asset Management Inc. raised its stake in Academy Sports and Outdoors by 0.6% in the 4th quarter. Verity Asset Management Inc. now owns 32,788 shares of the company’s stock worth $1,638,000 after acquiring an additional 182 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Academy Sports and Outdoors by 12.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,742 shares of the company’s stock valued at $86,000 after purchasing an additional 188 shares during the period. Cullen Frost Bankers Inc. increased its holdings in shares of Academy Sports and Outdoors by 3.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 5,599 shares of the company’s stock valued at $280,000 after purchasing an additional 202 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Academy Sports and Outdoors by 2.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,464 shares of the company’s stock worth $373,000 after purchasing an additional 202 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Academy Sports and Outdoors by 3.5% during the fourth quarter. CIBC Asset Management Inc now owns 6,721 shares of the company’s stock worth $336,000 after purchasing an additional 228 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.