Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $63.00 at Guggenheim

Defense World · Dec 13, 2022 16:42

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) had its price objective boosted by Guggenheim to $63.00 in a research note released on Monday morning, Stock Target Advisor reports.

A number of other brokerages also recently weighed in on ASO. Oppenheimer raised their price objective on Academy Sports and Outdoors from $50.00 to $60.00 and gave the company an outperform rating in a research report on Thursday, September 8th. Loop Capital increased their price target on Academy Sports and Outdoors from $60.00 to $65.00 in a research note on Thursday, December 8th. Wedbush increased their price target on Academy Sports and Outdoors from $57.00 to $62.00 and gave the company an outperform rating in a research note on Thursday, December 8th. UBS Group increased their price target on Academy Sports and Outdoors from $60.00 to $76.00 and gave the company a buy rating in a research note on Thursday, December 8th. Finally, Wells Fargo & Company increased their price target on Academy Sports and Outdoors from $56.00 to $70.00 and gave the company an overweight rating in a research note on Thursday, December 8th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $64.36.

Get Academy Sports and Outdoors alerts:

Academy Sports and Outdoors Price Performance

ASO opened at $55.42 on Monday. Academy Sports and Outdoors has a 12-month low of $25.10 and a 12-month high of $57.57. The business's fifty day simple moving average is $46.67 and its 200-day simple moving average is $43.32. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.73 and a beta of 1.20. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.44.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Tuesday, December 20th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, December 19th. Academy Sports and Outdoors's dividend payout ratio is presently 4.23%.

Insider Transactions at Academy Sports and Outdoors

In other news, SVP Heather A. Davis sold 6,307 shares of Academy Sports and Outdoors stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $43.13, for a total value of $272,020.91. Following the sale, the senior vice president now directly owns 88,075 shares of the company's stock, valued at $3,798,674.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Sherry L. Harriman sold 11,686 shares of Academy Sports and Outdoors stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $55.26, for a total transaction of $645,768.36. Following the transaction, the senior vice president now owns 1,990 shares in the company, valued at $109,967.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Heather A. Davis sold 6,307 shares of Academy Sports and Outdoors stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $43.13, for a total value of $272,020.91. Following the transaction, the senior vice president now owns 88,075 shares in the company, valued at approximately $3,798,674.75. The disclosure for this sale can be found here. Insiders have sold 99,101 shares of company stock valued at $5,414,768 over the last ninety days. Insiders own 3.51% of the company's stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in Academy Sports and Outdoors by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 878,249 shares of the company's stock valued at $37,044,000 after purchasing an additional 40,878 shares during the period. Centaurus Financial Inc. raised its holdings in shares of Academy Sports and Outdoors by 5.0% in the 3rd quarter. Centaurus Financial Inc. now owns 5,300 shares of the company's stock valued at $224,000 after buying an additional 250 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $712,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $1,149,000. Finally, Alpha Paradigm Partners LLC purchased a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $667,000. Hedge funds and other institutional investors own 98.01% of the company's stock.

About Academy Sports and Outdoors

(Get Rating)

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.