Academy Sports and Outdoors (NASDAQ:ASO) Updates FY 2022 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $6.700-$7.250 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.140. The company issued revenue guidance of $6.56 billion-$6.77 billion, compared to the consensus revenue estimate of $6.69 billion.

A number of equities research analysts have recently weighed in on the company. Loop Capital raised their price target on Academy Sports and Outdoors from $43.00 to $50.00 in a research note on Wednesday, March 30th. Zacks Investment Research raised Academy Sports and Outdoors from a hold rating to a buy rating and set a $43.00 price target for the company in a research note on Monday, April 4th. The Goldman Sachs Group raised Academy Sports and Outdoors from a neutral rating to a buy rating and increased their price objective for the company from $47.00 to $58.00 in a report on Tuesday, December 14th. Oppenheimer initiated coverage on Academy Sports and Outdoors in a report on Tuesday, December 14th. They set an outperform rating on the stock. Finally, Stephens increased their price objective on Academy Sports and Outdoors from $68.00 to $70.00 and gave the company an overweight rating in a report on Wednesday, March 30th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of Buy and a consensus target price of $54.92.

Shares of Academy Sports and Outdoors stock opened at $38.56 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.48 and a current ratio of 1.52. The stock’s 50-day simple moving average is $35.78. Academy Sports and Outdoors has a 1-year low of $29.16 and a 1-year high of $51.08. The firm has a market cap of $3.36 billion, a P/E ratio of 5.42, a P/E/G ratio of 0.37 and a beta of 1.81.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last released its quarterly earnings results on Tuesday, March 29th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.24. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.77 billion. Academy Sports and Outdoors had a return on equity of 51.14% and a net margin of 9.91%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. Analysts forecast that Academy Sports and Outdoors will post 7.02 earnings per share for the current fiscal year.

The business also recently declared a — dividend, which will be paid on Thursday, April 14th. Investors of record on Thursday, March 17th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, March 16th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 4.21%.

In related news, CEO Ken C. Hicks bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 14th. The stock was bought at an average cost of $38.91 per share, for a total transaction of $778,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.83% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in Academy Sports and Outdoors by 11.5% in the 4th quarter. BlackRock Inc. now owns 6,055,059 shares of the company’s stock worth $265,817,000 after purchasing an additional 626,491 shares during the period. State Street Corp boosted its stake in shares of Academy Sports and Outdoors by 6.9% during the 4th quarter. State Street Corp now owns 1,638,061 shares of the company’s stock worth $71,911,000 after acquiring an additional 105,269 shares during the last quarter. Morgan Stanley lifted its stake in shares of Academy Sports and Outdoors by 1,107.8% during the 2nd quarter. Morgan Stanley now owns 1,706,387 shares of the company’s stock valued at $70,370,000 after buying an additional 1,565,102 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Academy Sports and Outdoors by 180.1% during the 4th quarter. Allianz Asset Management GmbH now owns 422,848 shares of the company’s stock valued at $18,563,000 after buying an additional 271,864 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Academy Sports and Outdoors by 31.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 339,606 shares of the company’s stock valued at $13,592,000 after buying an additional 80,830 shares in the last quarter.

About Academy Sports and Outdoors (Get Rating)

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.

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Earnings History and Estimates for Academy Sports and Outdoors (NASDAQ:ASO)

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