1 week Ago By ABMN Staff
Academy Sports and Outdoors, Inc. ( NASDAQ:ASO – Get Free Report )’s share price fell 5.3% on Friday .
The company traded as low as $35.71 and last traded at $35.73.
117,706 shares were traded during trading, a decline of 93% from the average session volume of 1,605,771 shares. The stock had previously closed at $37.72.
Wall Street Analyst Weigh In A number of research analysts recently issued reports on ASO shares. Evercore ISI reduced their price objective on Academy Sports and Outdoors from $54.00 to $53.
00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Morgan Stanley reduced their price target on shares of Academy Sports and Outdoors from $60.00 to $55.
00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Oppenheimer dropped their price objective on shares of Academy Sports and Outdoors from $85.00 to $70.
00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Wedbush reduced their target price on shares of Academy Sports and Outdoors from $65.00 to $60.
00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Academy Sports and Outdoors from $52.
00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock.
Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and an average target price of $58.63. Check Out Our Latest Stock Analysis on ASO Academy Sports and Outdoors Trading Down 3.
0 % Academy Sports and Outdoors ( NASDAQ:ASO – Get Free Report ) last issued its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.
82 by $0.14. Academy Sports and Outdoors had a net margin of 7.
49% and a return on equity of 23.32%. The firm had revenue of $1.
68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the business earned $2.
21 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was down 6.6% compared to the same quarter last year.
As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.
Academy Sports and Outdoors Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be issued a dividend of $0.13 per share.
This represents a $0.52 dividend on an annualized basis and a yield of 1.42%.
This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, March 25th.
Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.01%. Institutional Investors Weigh In On Academy Sports and Outdoors A number of institutional investors and hedge funds have recently modified their holdings of the stock.
TD Private Client Wealth LLC purchased a new stake in Academy Sports and Outdoors during the third quarter valued at about $40,000. AlphaQuest LLC raised its holdings in shares of Academy Sports and Outdoors by 240.8% during the fourth quarter.
AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after acquiring an additional 496 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Academy Sports and Outdoors by 1,307.1% in the 4th quarter.
Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after acquiring an additional 915 shares in the last quarter. LGT Financial Advisors LLC boosted its stake in Academy Sports and Outdoors by 1,041.7% in the 4th quarter.
LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after purchasing an additional 1,000 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Academy Sports and Outdoors by 242.9% during the 4th quarter.
Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after purchasing an additional 843 shares in the last quarter. About Academy Sports and Outdoors ( Get Free Report ) 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, and camping accessories and equipment,; 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, gun safes, optics, airguns, and hunting equipment.
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