Academy Sports and Outdoors (ASO) to Release Quarterly Earnings on Thursday

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) will be announcing its earnings results before the market opens on Thursday, March 16th. Analysts expect the company to announce earnings of $1.82 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last issued its quarterly earnings data on Wednesday, December 7th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Academy Sports and Outdoors had a return on equity of 41.27% and a net margin of 9.48%. On average, analysts expect Academy Sports and Outdoors to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Academy Sports and Outdoors Trading Up 0.6 %

Shares of ASO opened at $60.88 on Thursday. The stock’s 50-day moving average is $57.21 and its two-hundred day moving average is $50.60. The stock has a market cap of $4.76 billion, a PE ratio of 8.57, a P/E/G ratio of 0.77 and a beta of 1.14. Academy Sports and Outdoors has a 12 month low of $25.10 and a 12 month high of $63.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Thursday, March 23rd will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Wednesday, March 22nd. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.08. Academy Sports and Outdoors’s payout ratio is currently 4.23%.

Insider Activity

In other news, SVP Manish Maini sold 102,328 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $58.04, for a total transaction of $5,939,117.12. Following the completion of the transaction, the senior vice president now directly owns 103,929 shares of the company’s stock, valued at $6,032,039.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 148,659 shares of company stock valued at $8,463,002. 3.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Academy Sports and Outdoors by 124.0% during the first quarter. BlackRock Inc. now owns 13,562,648 shares of the company’s stock worth $534,370,000 after buying an additional 7,507,589 shares during the period. Vanguard Group Inc. boosted its position in shares of Academy Sports and Outdoors by 0.9% during the third quarter. Vanguard Group Inc. now owns 9,578,659 shares of the company’s stock worth $404,028,000 after buying an additional 85,344 shares during the period. State Street Corp boosted its position in shares of Academy Sports and Outdoors by 1.3% during the third quarter. State Street Corp now owns 3,005,249 shares of the company’s stock worth $126,986,000 after buying an additional 38,395 shares during the period. Goldman Sachs Group Inc. lifted its position in Academy Sports and Outdoors by 53.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,863,331 shares of the company’s stock worth $66,223,000 after purchasing an additional 647,278 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Academy Sports and Outdoors by 680.6% in the first quarter. Renaissance Technologies LLC now owns 1,147,500 shares of the company’s stock worth $45,212,000 after purchasing an additional 1,000,500 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on ASO shares. Wells Fargo & Company boosted their price target on Academy Sports and Outdoors from $56.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, December 8th. Loop Capital boosted their price target on Academy Sports and Outdoors from $60.00 to $65.00 in a research note on Wednesday, December 14th. Cowen started coverage on Academy Sports and Outdoors in a research note on Thursday, February 16th. They issued an “outperform” rating and a $72.00 price target on the stock. Cowen started coverage on Academy Sports and Outdoors in a research note on Thursday, February 16th. They issued an “outperform” rating and a $72.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price target on Academy Sports and Outdoors from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 17th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.08.

About Academy Sports and Outdoors

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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; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.