Academy Sports and Outdoors (NASDAQ:ASO) Trading Up 4.7% – What’s Next?

Academy Sports and Outdoors, Inc. (NASDAQ:ASO)’s stock price rose 4.7% on Wednesday . The company traded as high as $58.63 and last traded at $58.50. Approximately 540,537 shares were traded during trading, a decline of 63% from the average daily volume of 1,471,347 shares. The stock had previously closed at $55.90.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Truist Financial lifted their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. TD Cowen increased their price target on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, September 11th. Wedbush restated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Finally, Loop Capital restated a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Hold” and a consensus target price of $61.33.

Academy Sports and Outdoors Trading Up 2.8 %

The business’s 50 day moving average is $51.43 and its two-hundred day moving average is $53.41. The firm has a market capitalization of $3.99 billion, a P/E ratio of 9.44, a PEG ratio of 1.06 and a beta of 1.31. The company has a quick ratio of 0.41, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 earnings per share. Analysts expect that Academy Sports and Outdoors, Inc. will post 5.92 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is currently 7.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Public Sector Pension Investment Board increased its holdings in shares of Academy Sports and Outdoors by 6.9% in the second quarter. Public Sector Pension Investment Board now owns 162,406 shares of the company’s stock valued at $8,648,000 after buying an additional 10,416 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Academy Sports and Outdoors by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after acquiring an additional 50,715 shares during the last quarter. Citigroup Inc. raised its position in shares of Academy Sports and Outdoors by 66.4% during the third quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock worth $5,582,000 after purchasing an additional 38,155 shares during the period. FMR LLC lifted its holdings in shares of Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after purchasing an additional 1,422,971 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in shares of Academy Sports and Outdoors by 21.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company’s stock valued at $12,983,000 after purchasing an additional 39,134 shares during the period.

Academy Sports and Outdoors Company Profile

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.