Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Free Report)’s share price shot up 10.1% during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as high as $56.50 and last traded at $56.8640. 438,024 shares were traded during trading, a decline of 70% from the average session volume of 1,451,143 shares. The stock had previously closed at $51.67.
The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm posted $0.76 earnings per share. Academy Sports and Outdoors’s quarterly revenue was up 6.7% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS.
Academy Sports and Outdoors Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th will be given a $0.15 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. Academy Sports and Outdoors’s payout ratio is presently 10.79%.
Analysts Set New Price Targets
View Our Latest Research Report on ASO
Insider Transactions at Academy Sports and Outdoors
In related news, Director Jeffrey C. Tweedy sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $60.00, for a total transaction of $240,000.00. Following the completion of the sale, the director directly owned 7,835 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. 3.62% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Academy Sports and Outdoors
Several hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC boosted its position in Academy Sports and Outdoors by 139.8% during the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $26,000 after purchasing an additional 281 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Academy Sports and Outdoors by 38.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock valued at $52,000 after purchasing an additional 258 shares in the last quarter. Huntington National Bank raised its stake in Academy Sports and Outdoors by 47.3% in the 3rd quarter. Huntington National Bank now owns 1,015 shares of the company’s stock worth $51,000 after acquiring an additional 326 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Academy Sports and Outdoors in the fourth quarter worth about $51,000. Finally, Hantz Financial Services Inc. lifted its stake in Academy Sports and Outdoors by 117.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock valued at $56,000 after acquiring an additional 602 shares during the period.
Academy Sports and Outdoors Stock Up 8.0%
The company has a quick ratio of 0.44, a current ratio of 1.89 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 0.80 and a beta of 1.04. The business’s 50-day moving average is $54.40 and its 200-day moving average is $54.59.
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.
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