Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Free Report) reached a new 52-week high during mid-day trading on Monday. The company traded as high as $62.51 and last traded at $62.2130, with a volume of 448,200 shares. The stock had previously closed at $59.20.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Wells Fargo & Company raised shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th. Truist Financial lifted their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. UBS Group boosted their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. BMO Capital Markets set a $42.00 price objective on shares of Academy Sports and Outdoors and gave the stock a “market perform” rating in a research note on Thursday, September 10th. Finally, Weiss Ratings raised Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.54.
View Our Latest Stock Analysis on ASO
Academy Sports and Outdoors Price Performance
The company has a market cap of $4.17 billion, a P/E ratio of 11.28, a PEG ratio of 0.86 and a beta of 0.94. The company has a current ratio of 1.74, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average is $51.97 and its 200 day moving average is $52.86.
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.24. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. As a group, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.24 EPS for the current year.
Academy Sports and Outdoors Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. Academy Sports and Outdoors’s dividend payout ratio is currently 10.00%.
Insiders Place Their Bets
In other news, Director Brian T. Marley sold 10,432 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total value of $555,504.00. Following the completion of the transaction, the director owned 32,607 shares of the company’s stock, valued at $1,736,322.75. This represents a 24.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Samuel Johnson sold 70,303 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total transaction of $3,640,992.37. Following the sale, the president directly owned 36,861 shares of the company’s stock, valued at approximately $1,909,031.19. This trade represents a 65.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 106,315 shares of company stock worth $5,576,537. 4.08% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of ASO. BlackRock Inc. acquired a new stake in Academy Sports and Outdoors during the 2nd quarter worth about $468,146,000. Fund 1 Investments LLC acquired a new stake in Academy Sports and Outdoors during the 2nd quarter worth $1,414,000. Public Employees Retirement System of Ohio purchased a new position in Academy Sports and Outdoors during the second quarter worth approximately $2,209,000. Bank of America Corp DE acquired a new stake in Academy Sports and Outdoors during the second quarter worth $20,434,000. Finally, Legal & General Group Plc acquired a new stake in Academy Sports and Outdoors in the 2nd quarter valued at approximately $7,427,000.
Academy Sports and Outdoors Company Profile
Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer headquartered in Katy, Texas. The company operates stores and an e-commerce platform serving customers primarily across the southern, southeastern and midwestern United States.
Academy sells a broad selection of sports equipment, apparel and footwear, as well as products for hunting, fishing, camping, boating, fitness and outdoor recreation. Its merchandise also includes seasonal products, patio and recreation items, and equipment for team sports.
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