Academy Sports and Outdoors (NASDAQ:ASO) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Academy Sports and Outdoors (NASDAQ:ASO) announced its earnings results on Tuesday. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02, FiscalAI reports. The business 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 Down 0.2%

Shares of ASO opened at $51.67 on Tuesday. Academy Sports and Outdoors has a 52-week low of $41.29 and a 52-week high of $62.44. The company has a market capitalization of $3.33 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 0.80 and a beta of 1.04. The stock has a fifty day simple moving average of $54.40 and a two-hundred day simple moving average of $54.59. The company has a quick ratio of 0.44, a current ratio of 1.89 and a debt-to-equity ratio of 0.22.

Academy Sports and Outdoors Dividend Announcement

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

Insider Activity

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 7,835 shares of the company’s stock, valued at $470,100. This trade represents a 33.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.62% of the stock is owned by company insiders.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently modified their holdings of ASO. Royal Bank of Canada increased its stake in shares of Academy Sports and Outdoors by 8.5% in the 1st quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock worth $2,726,000 after acquiring an additional 4,665 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Academy Sports and Outdoors by 3.2% during the 1st 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 during the last quarter. United Services Automobile Association acquired a new stake in shares of Academy Sports and Outdoors during the 1st quarter worth about $223,000. Strs Ohio acquired a new stake in shares of Academy Sports and Outdoors during the 1st quarter worth about $128,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 657 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on ASO. Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. B. Riley Financial reissued a “buy” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, April 8th. Guggenheim increased their price objective on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Stephens initiated coverage on Academy Sports and Outdoors in a research note on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 price objective for the company. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $61.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Hold” and a consensus 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.