Telsey Advisory Group Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $60.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price target lowered by Telsey Advisory Group from $65.00 to $60.00 in a research note released on Wednesday, Marketbeat Ratings reports. Telsey Advisory Group currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company restated a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, June 10th. UBS Group decreased their price objective on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. Truist Financial dropped their price objective on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Wednesday, June 10th. Stephens started 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 target price on the stock. Finally, Barclays reduced their target price on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Hold” and an average target price of $58.31.

Academy Sports and Outdoors Stock Up 2.9%

Shares of NASDAQ ASO opened at $44.94 on Wednesday. Academy Sports and Outdoors has a 52-week low of $41.29 and a 52-week high of $62.44. The firm has a fifty day moving average of $46.84 and a 200-day moving average of $51.96. The stock has a market capitalization of $2.79 billion, a PE ratio of 7.91, a P/E/G ratio of 0.63 and a beta of 1.02. 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 issued its earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. On average, analysts anticipate that Academy Sports and Outdoors will post 6.07 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, September 16th. Academy Sports and Outdoors’s dividend payout ratio is currently 10.56%.

Institutional Trading of Academy Sports and Outdoors

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Academy Sports and Outdoors by 8.5% during the 1st quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock valued at $2,726,000 after purchasing an additional 4,665 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Academy Sports and Outdoors by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock valued at $1,846,000 after purchasing an additional 1,257 shares during the last quarter. United Services Automobile Association acquired a new stake in Academy Sports and Outdoors during the 1st quarter valued at approximately $223,000. Strs Ohio purchased a new stake in Academy Sports and Outdoors during the 1st quarter worth approximately $128,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 657 shares during the last quarter.

About Academy Sports and Outdoors

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.