Academy Sports and Outdoors (NASDAQ:ASO) Releases Earnings Results, Beats Expectations By $0.02 EPS

Academy Sports and Outdoors (NASDAQ:ASO) issued its quarterly earnings data on Tuesday. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02, FiscalAI reports. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.88% and a net margin of 6.22%.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $51.67 on Tuesday. The stock has a 50-day simple moving average of $54.40 and a 200-day simple moving average of $54.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.44 and a current ratio of 1.89. The stock has a market capitalization of $3.33 billion, a PE ratio of 9.29, a PEG ratio of 0.80 and a beta of 1.04. Academy Sports and Outdoors has a 1 year low of $41.29 and a 1 year high of $62.44.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.79%.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the transaction, the director owned 7,835 shares in the company, valued at approximately $470,100. This trade represents a 33.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.62% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in Academy Sports and Outdoors by 8.5% in the first quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock valued at $2,726,000 after purchasing an additional 4,665 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Academy Sports and Outdoors by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock worth $1,846,000 after purchasing an additional 1,257 shares in the last quarter. United Services Automobile Association acquired a new stake in Academy Sports and Outdoors during the first quarter worth approximately $223,000. Strs Ohio acquired a new stake in Academy Sports and Outdoors during the first quarter worth approximately $128,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Academy Sports and Outdoors by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 657 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Guggenheim raised their price objective on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. UBS Group lowered their target price on Academy Sports and Outdoors from $60.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. B. Riley Financial restated a “buy” rating on shares of Academy Sports and Outdoors in a report on Wednesday, April 8th. Barclays raised their target price on Academy Sports and Outdoors from $49.00 to $55.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Finally, Stephens assumed coverage on Academy Sports and Outdoors in a report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.87.

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.