Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $58.29 Average Target Price from Brokerages

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $58.2857.

A number of research firms recently weighed in on ASO. UBS Group raised their price target on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, September 10th. Truist Financial boosted their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday, September 10th. Telsey Advisory Group boosted their price objective on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, September 10th. Barclays upped their price objective on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, September 10th. Finally, Wells Fargo & Company upgraded Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th.

Insider Buying and Selling

In other Academy Sports and Outdoors news, President Samuel Johnson sold 70,303 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $51.79, for a total value of $3,640,992.37. Following the transaction, the president directly owned 36,861 shares of the company’s stock, valued at $1,909,031.19. This represents a 65.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian T. Marley sold 10,432 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $53.25, for a total value of $555,504.00. Following the transaction, the director owned 32,607 shares of the company’s stock, valued at approximately $1,736,322.75. This trade represents a 24.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 106,315 shares of company stock valued at $5,576,537. 4.08% of the stock is owned by insiders.

Institutional Trading of Academy Sports and Outdoors

Several institutional investors have recently added to or reduced their stakes in ASO. BlackRock Inc. acquired a new stake in shares of Academy Sports and Outdoors in the 2nd quarter valued at about $468,146,000. Kingsview Wealth Management LLC bought a new position in shares of Academy Sports and Outdoors during the fourth quarter worth about $2,660,000. Fund 1 Investments LLC acquired a new position in Academy Sports and Outdoors in the second quarter worth about $1,414,000. Systematic Financial Management LP grew its stake in Academy Sports and Outdoors by 22.7% in the fourth quarter. Systematic Financial Management LP now owns 319,748 shares of the company’s stock worth $15,975,000 after purchasing an additional 59,051 shares in the last quarter. Finally, King Luther Capital Management Corp increased its holdings in Academy Sports and Outdoors by 12.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company’s stock valued at $78,591,000 after buying an additional 176,463 shares during the last quarter.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $49.50 on Wednesday. The firm has a market capitalization of $3.05 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.68 and a beta of 1.02. Academy Sports and Outdoors has a one year low of $41.29 and a one year high of $62.44. The stock’s 50 day moving average price is $47.70 and its 200 day moving average price is $51.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 1.74.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.24. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. Academy Sports and Outdoors’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $1.94 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. As a group, sell-side analysts expect that Academy Sports and Outdoors will post 6.21 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 16th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. Academy Sports and Outdoors’s dividend payout ratio is currently 10.00%.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer based in Katy, Texas. The company operates stores and an e-commerce platform serving customers across the southern, southeastern and midwestern United States.

Its merchandise includes sporting goods and equipment, outdoor and adventure products, hunting and fishing gear, athletic and casual footwear, apparel, and related accessories. Academy serves a broad customer base through a value-oriented assortment of national brands and private-label products.

The company traces its history to 1938, when it was founded in San Antonio, Texas, as a small tire shop.