Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) released its results on Tuesday. The company reported EPS of $1.73 for the quarter, beating the consensus estimate of $1.41 by $0.32, MarketWatch Earnings reports. Academy Sports and Outdoors had a net margin of 9.91% and a return on equity of 51.14%. The company posted revenue of $1.47 billion for the quarter, versus $1.45 billion for analysts. In the same quarter last year, the company achieved EPS of $1.89. The company’s quarterly revenue decreased 7.1% from the same quarter last year. Academy Sports and Outdoors updated its fiscal 2022 guidance to EPS of $6.55 to $7.25 and its fiscal 23 guidance to EPS of $6.55 to $7.25.
Academy Sports and Outdoors stock traded at $3.13 at midday Tuesday, hitting $38.70. The company’s stock had a trading volume of 4,904,908 shares, compared to an average trading volume of 2,934,939 shares. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 5.43, a growth price-to-earnings ratio of 0.35 and a beta of 1.65. The company has a 50-day moving average price of $36.92 and a 200-day moving average price of $38.05. The company has a debt ratio of 0.47, a current ratio of 1.52 and a quick ratio of 0.48. Academy Sports and Outdoors has a 12-month minimum of $25.10 and a 12-month maximum of $51.08.
The company also recently declared 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. This represents an annualized dividend of $0.30 and a yield of 0.78%. The ex-date of this dividend is Wednesday, June 15. Academy Sports and Outdoors’ dividend payout ratio is currently 4.21%.
Several large investors have recently changed their stake in the company. Dynamic Technology Lab Private Ltd increased its position in Academy Sports and Outdoors shares by 223.5% during the first quarter. Dynamic Technology Lab Private Ltd now owns 37,454 shares of the company valued at $1,476,000 after purchasing an additional 25,875 shares during the period. Captrust Financial Advisors increased its holdings in Academy Sports and Outdoors by 55.0% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company worth $40,000 after purchasing 357 additional shares during the period. Brinker Capital Investments LLC increased its holdings in Academy Sports and Outdoors by 67.3% in the first quarter. Brinker Capital Investments LLC now owns 17,724 shares of the company worth $698,000 after purchasing an additional 7,132 shares during the period. State Street Corp increased its stake in Academy Sports and Outdoors by 73.0% in the first quarter. State Street Corp now owns 2,834,137 shares of the company worth $111,872,000 after purchasing an additional 1,196,076 shares during the period. Finally, Invesco Ltd. increased its holdings in Academy Sports and Outdoors by 63.9% in the first quarter. Invesco Ltd. now owns 121,327 shares of the company worth $4,781,000 after purchasing an additional 47,290 shares during the period. 89.94% of the shares are held by hedge funds and other institutional investors.
Several brokerages have recently published reports on ASO. 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. Loop Capital raised its price target on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a Wednesday, March 30 research note. Truist Financial began covering Academy Sports and Outdoors stocks in a research note on Wednesday, May 11. They set a “buy” rating and a price target of $53.00 for the company. Stephens raised his price target on Academy Sports and Outdoors shares from $68.00 to $70.00 and gave the company an “overweight” rating in a Wednesday, March 30 research note. Finally, Wells Fargo & Company cut its price target on Academy Sports and Outdoors stock from $62.00 to $58.00 and set an “overweight” rating for the company in a Thursday research note. March 24. One research analyst has assigned the stock a hold rating and twelve have assigned the stock a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $54.08.
About the Sports and Outdoors Academy (Get an assessment)
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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