Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) – Wedbush Research analysts cut their FY2025 EPS estimates for Academy Sports and Outdoors stock in a note released to investors on Wednesday June 8. Wedbush analyst S. Basham now expects the company to post earnings of $8.01 per share for the year, down from its previous forecast of $8.02.
Several other equity research analysts have also recently weighed in on ASO. Truist Financial launched coverage on Academy Sports and Outdoors stocks in a Wednesday, May 11 research note. They set a “buy” rating and a target price of $53.00 for the company. Zacks Investment Research downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating in a Wednesday, June 1 research note. UBS Group lowered its target price on shares of Academy Sports and Outdoors to $55.00 in a research note on Thursday. Loop Capital raised its target price on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a Wednesday, March 30 research note. Finally, Stephens raised his price target on shares of Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday. One research analyst has assigned the stock a hold rating and twelve have assigned the stock a buy rating. According to data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Buy” and an average target price of $54.15.
The NASDAQ ASO opened at $37.86 on Friday. The company has a debt ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.48. Academy Sports and Outdoors has a 1-year minimum of $25.10 and a 1-year maximum of $51.08. The company has a market capitalization of $3.27 billion, a PE ratio of 5.43, a P/E/G ratio of 0.38 and a beta of 1.65. The company has a fifty-day moving average of $36.86 and a two-hundred-day moving average of $37.98.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly earnings data on Tuesday, June 7. The company reported earnings per share (EPS) of $1.73 for the quarter, beating the consensus estimate of $1.41 by $0.32. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. The company posted revenue of $1.47 billion in the quarter, versus a consensus estimate of $1.45 billion. In the same quarter a year earlier, the company posted earnings per share of $1.89. Academy Sports and Outdoors revenue for the quarter decreased 7.1% year over year.
A number of institutional investors have recently changed their holdings in ASO. Vise Technologies Inc. bought a new stock position in Academy Sports and Outdoors during Q1 for a value of approximately $288,000. The Kentucky State Teachers’ Retirement System purchased a new stock position in Academy Sports and Outdoors during Q1 for a value of approximately $766,000. Bank of America Corp DE increased its stake in Academy Sports and Outdoors by 11.8% in Q1. Bank of America Corp DE now owns 1,394,063 shares of the company worth $54,926,000 after acquiring an additional 146,938 shares during the period. Verition Fund Management LLC purchased a new stake in Academy Sports and Outdoors in Q1 worth approximately $404,000. Finally, Shellback Capital LP increased its stake in Academy Sports and Outdoors by 0.4% in the 1st quarter. Shellback Capital LP now owns 1,200,000 shares of the company worth $47,280,000 after acquiring an additional 4,700 shares during the period. 89.94% of the shares are held by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 14. Shareholders of record on Thursday, June 16 will receive a dividend of $0.075. The ex-date of this dividend is Wednesday, June 15. This represents a dividend of $0.30 on an annualized basis and a yield of 0.79%. Academy Sports and Outdoors’ dividend payout ratio (DPR) is currently 4.30%.
Company Profile Academy Sports and Outdoors (Get a rating)
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a retailer of sporting goods and outdoor recreation products in the United States. The company sells coolers and glasses, camping accessories, camping gear, sunglasses, backpacks and sports bags. marine equipment and fishing rods, reels, bait and equipment; firearms, ammunition, archery and archery equipment, camouflage clothing, waders, shooting accessories, optics, airguns and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racquet sports and volleyball; fitness equipment and accessories and nutritional supplies; and patio furniture, outdoor kitchen, rolling items, trampolines, play sets, water sports and pet equipment, as well as electronics, watches, consumables, batteries, etc.
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