TD Cowen Boosts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $83.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective raised by TD Cowen from $67.00 to $83.00 in a research note published on Friday, Benzinga reports. TD Cowen currently has an outperform rating on the stock.

ASO has been the topic of several other reports. Wedbush reissued an outperform rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Friday, December 1st. JPMorgan Chase & Co. cut their price target on Academy Sports and Outdoors from $63.00 to $55.00 and set an overweight rating for the company in a report on Wednesday, November 29th. Morgan Stanley cut their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set an equal weight rating for the company in a report on Friday, December 1st. Truist Financial upped their price target on Academy Sports and Outdoors from $73.00 to $77.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company upped their price target on Academy Sports and Outdoors from $73.00 to $88.00 and gave the stock an overweight rating in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors has an average rating of Moderate Buy and a consensus price target of $69.25.

Academy Sports and Outdoors Stock Up 1.4 %

Shares of NASDAQ:ASO traded up $0.97 during midday trading on Friday, hitting $72.13. 2,298,074 shares of the stock were exchanged, compared to its average volume of 1,133,064. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.34 and a current ratio of 1.62. Academy Sports and Outdoors has a 52-week low of $42.83 and a 52-week high of $75.73. The business’s fifty day simple moving average is $67.64 and its two-hundred day simple moving average is $57.16. The company has a market capitalization of $5.35 billion, a PE ratio of 11.13, a P/E/G ratio of 0.97 and a beta of 1.38.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.61%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, March 25th. Academy Sports and Outdoors’s dividend payout ratio is 5.56%.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,065 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $64.81, for a total value of $69,022.65. Following the sale, the director now directly owns 9,070 shares in the company, valued at $587,826.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.56% of the company’s stock.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently made changes to their positions in ASO. Jones Financial Companies Lllp acquired a new stake in Academy Sports and Outdoors in the fourth quarter worth about $26,000. Advisory Services Network LLC increased its position in Academy Sports and Outdoors by 139.2% in the first quarter. Advisory Services Network LLC now owns 421 shares of the company’s stock worth $27,000 after purchasing an additional 245 shares during the period. Twin Tree Management LP acquired a new stake in Academy Sports and Outdoors in the second quarter worth about $33,000. Captrust Financial Advisors increased its position in Academy Sports and Outdoors by 55.0% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock worth $40,000 after purchasing an additional 357 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Academy Sports and Outdoors by 517.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after purchasing an additional 880 shares during the period.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, camping accessories and equipment, sunglasses, backpacks, and sports bags; fishing products including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment.