Academy Sports and Outdoors’ (ASO) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Academy Sports and Outdoors (NASDAQ:ASO) in a research note published on Wednesday,Benzinga reports. The firm currently has a $65.00 target price on the stock.

Several other research firms have also weighed in on ASO. Barclays increased their price objective on shares of Academy Sports and Outdoors from $51.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 10th. Morgan Stanley increased their price target on Academy Sports and Outdoors from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Jefferies Financial Group reissued a “buy” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Friday, January 2nd. Truist Financial set a $59.00 price objective on Academy Sports and Outdoors in a research report on Wednesday, January 14th. Finally, Bank of America upped their price objective on Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.22.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $56.34 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.71 and a quick ratio of 0.32. Academy Sports and Outdoors has a 12 month low of $33.34 and a 12 month high of $62.44. The company has a fifty day moving average price of $57.98 and a two-hundred day moving average price of $52.52. The company has a market cap of $3.76 billion, a PE ratio of 10.30, a P/E/G ratio of 0.97 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm posted $0.98 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts expect that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be given a dividend of $0.15 per share. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 20th. Academy Sports and Outdoors’s payout ratio is presently 9.51%.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Brian T. Marley sold 3,500 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $55.01, for a total value of $192,535.00. Following the completion of the transaction, the director directly owned 39,107 shares of the company’s stock, valued at $2,151,276.07. This represents a 8.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.62% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC grew its stake in shares of Academy Sports and Outdoors by 139.8% in the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 281 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Academy Sports and Outdoors by 32.6% during the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock valued at $51,000 after purchasing an additional 252 shares in the last quarter. Huntington National Bank lifted its holdings in Academy Sports and Outdoors by 47.3% in the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock worth $51,000 after purchasing an additional 326 shares during the period. Bayforest Capital Ltd acquired a new stake in Academy Sports and Outdoors in the fourth quarter worth about $51,000. Finally, Hantz Financial Services Inc. grew its position in Academy Sports and Outdoors by 117.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock valued at $56,000 after buying an additional 602 shares in the last quarter.

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.