Academy Sports and Outdoors (NASDAQ:ASO) Posts Quarterly Earnings Results

Academy Sports and Outdoors (NASDAQ:ASO) announced its quarterly earnings data on Tuesday. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13), RTT News reports. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $1.08 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $44.37 on Tuesday. Academy Sports and Outdoors has a twelve month low of $33.34 and a twelve month high of $64.62. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $2.95 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28. The firm has a fifty day simple moving average of $39.99 and a 200-day simple moving average of $47.87.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors’s payout ratio is 9.01%.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Academy Sports and Outdoors by 8.5% during the 1st quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock worth $2,726,000 after buying an additional 4,665 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Academy Sports and Outdoors by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock valued at $1,846,000 after buying an additional 1,257 shares during the period. United Services Automobile Association acquired a new stake in Academy Sports and Outdoors in the first quarter worth approximately $223,000. Finally, Strs Ohio acquired a new position in shares of Academy Sports and Outdoors during the 1st quarter valued at $128,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wedbush dropped their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Telsey Advisory Group restated an “outperform” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. lifted their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Oppenheimer decreased their price objective on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, Citigroup lowered their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, June 4th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.