Academy Sports and Outdoors (NASDAQ:ASO) Stock Price Up 4.1% – Still a Buy?

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) shares traded up 4.1% on Tuesday . The stock traded as high as $47.54 and last traded at $48.0110. 120,048 shares traded hands during trading, a decline of 92% from the average session volume of 1,470,512 shares. The stock had previously closed at $46.10.

Analyst Upgrades and Downgrades

ASO has been the subject of several recent research reports. UBS Group decreased their price target on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. The Goldman Sachs Group cut their price objective on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, June 10th. Truist Financial reduced their price objective on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Wednesday, June 10th. Stephens assumed coverage on Academy Sports and Outdoors in a report on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 target price for the company. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $58.07.

Academy Sports and Outdoors Price Performance

The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 0.68 and a beta of 1.06. The stock’s fifty day moving average price is $48.36 and its two-hundred day moving average price is $53.09. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.Academy Sports and Outdoors’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 6.08 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, June 18th. Academy Sports and Outdoors’s payout ratio is 10.56%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Academy Sports and Outdoors in the second quarter valued at $468,146,000. Dimensional Fund Advisors LP boosted its position in shares of Academy Sports and Outdoors by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,029,262 shares of the company’s stock worth $227,439,000 after buying an additional 71,888 shares in the last quarter. State Street Corp boosted its position in shares of Academy Sports and Outdoors by 2.2% in the 4th quarter. State Street Corp now owns 2,715,677 shares of the company’s stock worth $136,028,000 after buying an additional 59,446 shares in the last quarter. Geode Capital Management LLC grew its stake in Academy Sports and Outdoors by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,006,467 shares of the company’s stock valued at $100,261,000 after acquiring an additional 5,933 shares during the last quarter. Finally, Morgan Stanley grew its stake in Academy Sports and Outdoors by 19.5% in the 4th quarter. Morgan Stanley now owns 1,610,782 shares of the company’s stock valued at $80,475,000 after acquiring an additional 263,267 shares during the last quarter.

About Academy Sports and Outdoors

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.