Academy Sports and Outdoors (NASDAQ:ASO) Announces Earnings Results, Misses Expectations By $0.06 EPS

Academy Sports and Outdoors (NASDAQ:ASO) released its earnings results on Tuesday. The company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.06), Briefing.com reports. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 earnings per share.

Academy Sports and Outdoors Trading Up 0.3%

Shares of ASO opened at $56.51 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.77 billion, a PE ratio of 10.33, a PEG ratio of 0.98 and a beta of 1.23. Academy Sports and Outdoors has a 1 year low of $33.34 and a 1 year high of $62.44. The stock has a 50 day simple moving average of $58.01 and a 200-day simple moving average of $52.51.

Academy Sports and Outdoors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 20th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. Academy Sports and Outdoors’s payout ratio is currently 9.51%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ASO shares. UBS Group raised their price objective on Academy Sports and Outdoors from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Bank of America upped their target price on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Barclays raised their price target on Academy Sports and Outdoors from $51.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 10th. Jefferies Financial Group restated a “buy” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Friday, January 2nd. Finally, Truist Financial set a $59.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, January 14th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and an average price target of $60.22.

Institutional Trading of Academy Sports and Outdoors

Large investors have recently bought and sold shares of the stock. Boston Partners lifted its holdings in shares of Academy Sports and Outdoors by 85.5% during the third quarter. Boston Partners now owns 1,302,141 shares of the company’s stock valued at $65,416,000 after acquiring an additional 600,335 shares during the period. Invesco Ltd. boosted its stake in shares of Academy Sports and Outdoors by 128.2% in the 4th quarter. Invesco Ltd. now owns 833,769 shares of the company’s stock valued at $41,655,000 after purchasing an additional 468,457 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Academy Sports and Outdoors by 219.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 501,028 shares of the company’s stock worth $22,452,000 after purchasing an additional 344,376 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Academy Sports and Outdoors by 6,156.4% in the 3rd quarter. Voloridge Investment Management LLC now owns 344,788 shares of the company’s stock worth $17,246,000 after purchasing an additional 339,277 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth about $16,568,000.

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.