Academy Sports and Outdoors (NASDAQ:ASO) Updates FY 2021 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASO) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $4.150-4.500 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.350. The company issued revenue guidance of -.Academy Sports and Outdoors also updated its FY22 guidance to $4.15-4.50 EPS.

Shares of NASDAQ:ASO traded up $0.13 during midday trading on Thursday, hitting $40.03. The company had a trading volume of 3,055,700 shares, compared to its average volume of 2,134,745. Academy Sports and Outdoors has a twelve month low of $12.05 and a twelve month high of $41.03. The company has a current ratio of 1.21, a quick ratio of 0.36 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $3.75 billion and a PE ratio of 10.42. The firm’s 50-day moving average is $33.30.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Monday, June 7th. The company reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $1.05. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.51 billion. The business’s quarterly revenue was up 39.1% on a year-over-year basis. As a group, equities research analysts expect that Academy Sports and Outdoors will post 3.66 earnings per share for the current fiscal year.

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Academy Sports and Outdoors from $40.00 to $46.00 and gave the stock an overweight rating in a research note on Wednesday. Zacks Investment Research upgraded Academy Sports and Outdoors from a hold rating to a buy rating and set a $27.00 target price for the company in a report on Wednesday, March 24th. Stephens boosted their price target on shares of Academy Sports and Outdoors from $44.00 to $46.00 and gave the stock an overweight rating in a research note on Wednesday. Loop Capital upped their target price on shares of Academy Sports and Outdoors from $31.00 to $45.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Credit Suisse Group lifted their price target on Academy Sports and Outdoors from $39.00 to $44.00 and gave the stock an outperform rating in a report on Wednesday. Nine investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of $33.38.

In related news, major shareholder 2006 Allstar Blocker L.P. Kkr sold 7,794,640 shares of the company’s stock in a transaction on Wednesday, April 7th. The shares were sold at an average price of $28.48, for a total value of $221,991,347.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William S. Simon sold 31,007 shares of the stock in a transaction on Monday, May 17th. The stock was sold at an average price of $35.30, for a total transaction of $1,094,547.10. Following the sale, the director now owns 8,782 shares of the company’s stock, valued at approximately $310,004.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,163,741 shares of company stock worth $634,733,291. Corporate insiders own 1.83% of the company’s stock.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; baseball, football, basketball, soccer, golf, racket sports, volleyball, fitness equipment, fitness accessories, and nutrition; and patio equipment, outdoor cooking, wheeled goods, trampolines, play sets, watersports, pet equipment, electronics, and watches.

Featured Story: Why Invest in Dividend Achievers?

Receive News & Ratings for Academy Sports and Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Academy Sports and Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.