Academy Sports activities and Open air (NASDAQ:ASO) Given New $60.00 Value Goal at Evercore ISI

Academy Sports activities and Open air (NASDAQ:ASOGet Score) had its worth goal lifted by Evercore ISI from $55.00 to $60.00 in a analysis notice launched on Thursday morning, The Fly stories. The brokerage at the moment has an outperform ranking on the inventory.

Quite a lot of different equities analysts have additionally lately issued stories on the inventory. Wedbush elevated their worth goal on shares of Academy Sports activities and Open air from $50.00 to $57.00 and gave the inventory an outperform ranking in a analysis report on Thursday. Truist Monetary initiated protection on shares of Academy Sports activities and Open air in a analysis report on Wednesday, Could eleventh. They set a purchase ranking and a $53.00 worth goal on the inventory. UBS Group minimize their worth goal on shares of Academy Sports activities and Open air to $55.00 in a analysis report on Thursday, June ninth. Oppenheimer elevated their worth goal on shares of Academy Sports activities and Open air from $50.00 to $60.00 and gave the inventory an outperform ranking in a analysis report on Thursday. Lastly, Morgan Stanley started protection on shares of Academy Sports activities and Open air in a analysis report on Monday, August fifteenth. They issued an equal weight ranking and a $50.00 worth goal on the inventory. One analyst has rated the inventory with a maintain ranking and 13 have issued a purchase ranking to the corporate’s inventory. Primarily based on knowledge from MarketBeat, Academy Sports activities and Open air presently has a median ranking of Reasonable Purchase and a consensus goal worth of $56.64.

Academy Sports activities and Open air Inventory Efficiency

Shares of ASO opened at $48.28 on Thursday. The corporate has a present ratio of 1.56, a fast ratio of 0.44 and a debt-to-equity ratio of 0.45. The inventory has a market capitalization of $4.11 billion, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 0.65 and a beta of 1.37. The agency’s fifty day easy transferring common is $42.72 and its two-hundred day easy transferring common is $38.36. Academy Sports activities and Open air has a 12 month low of $25.10 and a 12 month excessive of $51.08.

Need Extra Nice Investing Concepts?

Academy Sports activities and Open air (NASDAQ:ASOGet Score) final issued its quarterly earnings outcomes on Wednesday, September seventh. The corporate reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.23. The enterprise had income of $1.69 billion for the quarter, in comparison with analysts’ expectations of $1.70 billion. Academy Sports activities and Open air had a web margin of 9.66% and a return on fairness of 47.24%. The enterprise’s quarterly income was down 5.9% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the agency posted $2.34 earnings per share. As a gaggle, analysts predict that Academy Sports activities and Open air will put up 6.98 EPS for the present yr.

Academy Sports activities and Open air Dividend Announcement

The corporate additionally lately disclosed a quarterly dividend, which shall be paid on Thursday, October thirteenth. Shareholders of report on Thursday, September fifteenth shall be paid a $0.075 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.30 annualized dividend and a yield of 0.62%. Academy Sports activities and Open air’s dividend payout ratio (DPR) is 4.30%.

Institutional Traders Weigh In On Academy Sports activities and Open air

A number of institutional buyers and hedge funds have lately added to or decreased their stakes in ASO. BlackRock Inc. elevated its stake in shares of Academy Sports activities and Open air by 124.0% through the 1st quarter. BlackRock Inc. now owns 13,562,648 shares of the corporate’s inventory price $534,370,000 after buying an extra 7,507,589 shares over the past quarter. Vanguard Group Inc. elevated its stake in shares of Academy Sports activities and Open air by 11.3% through the 1st quarter. Vanguard Group Inc. now owns 9,462,337 shares of the corporate’s inventory price $372,817,000 after buying an extra 958,800 shares over the past quarter. State Avenue Corp elevated its stake in shares of Academy Sports activities and Open air by 4.7% through the 2nd quarter. State Avenue Corp now owns 2,966,854 shares of the corporate’s inventory price $105,660,000 after buying an extra 132,717 shares over the past quarter. Goldman Sachs Group Inc. elevated its stake in shares of Academy Sports activities and Open air by 53.2% through the 2nd quarter. Goldman Sachs Group Inc. now owns 1,863,331 shares of the corporate’s inventory price $66,223,000 after buying an extra 647,278 shares over the past quarter. Lastly, Hood River Capital Administration LLC elevated its stake in shares of Academy Sports activities and Open air by 3.7% through the 1st quarter. Hood River Capital Administration LLC now owns 1,626,231 shares of the corporate’s inventory price $64,074,000 after buying an extra 58,696 shares over the past quarter. Hedge funds and different institutional buyers personal 98.01% of the corporate’s inventory.

Academy Sports activities and Open air Firm Profile

(Get Score)

Academy Sports activities and Open air, Inc, by its subsidiaries, operates as a sporting items and out of doors leisure merchandise retailer in america. The corporate sells coolers and drinkware, tenting equipment, tenting tools, sun shades, backpacks, and sports activities baggage; marine tools and fishing rods, reels, baits, and tools; firearms, ammunition, archery and archery tools, camouflage attire, waders, taking pictures equipment, optics, airguns, and looking tools; group sports activities tools, together with baseball, soccer, basketball, soccer, golf, racket sports activities, and volleyball; health tools and equipment, and vitamin provides; and patio furnishings, out of doors cooking, wheeled items, trampolines, playsets, watersports, and pet tools, in addition to electronics merchandise, watches, consumables, batteries, and many others.

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Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

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