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

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) is scheduled to announce 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 that wish to register for the company’s conference call can do so using this link.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last announced its earnings results on Wednesday, December 7th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. The firm 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 Price Performance

Shares of NASDAQ:ASO opened at $60.88 on Thursday. Academy Sports and Outdoors has a one year low of $25.10 and a one year high of $63.89. The stock has a market cap of $4.76 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.77 and a beta of 1.14. The business’s fifty day moving average price is $57.21 and its two-hundred day moving average price is $50.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.32 and a current ratio of 1.57.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Thursday, March 23rd will be given a $0.09 dividend. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Wednesday, March 22nd. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 4.23%.

Wall Street Analyst Weigh In

ASO has been the subject of several recent analyst reports. Cowen initiated coverage on Academy Sports and Outdoors in a research note on Thursday, February 16th. They set an “outperform” rating and a $72.00 target price for the company. Wells Fargo & Company raised their target price on Academy Sports and Outdoors from $56.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, December 8th. UBS Group lifted their price target on Academy Sports and Outdoors from $60.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, December 8th. The Goldman Sachs Group lifted 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. Finally, Loop Capital lifted their target price on Academy Sports and Outdoors from $60.00 to $65.00 in a research note on Wednesday, December 14th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.08.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, SVP Manish Maini sold 102,328 shares of the business’s stock in a transaction on Tuesday, January 31st. The shares were 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 owns 103,929 shares of the company’s stock, valued at approximately $6,032,039.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 148,659 shares of company stock valued at $8,463,002. Insiders own 3.51% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Cetera Advisors LLC acquired a new position in shares of Academy Sports and Outdoors during the fourth quarter valued at about $262,000. Evergreen Capital Management LLC bought a new stake in Academy Sports and Outdoors in the fourth quarter valued at about $250,000. Baird Financial Group Inc. bought a new stake in Academy Sports and Outdoors in the fourth quarter valued at about $248,000. Pathstone Family Office LLC bought a new stake in Academy Sports and Outdoors in the fourth quarter valued at about $246,000. Finally, Point72 Middle East FZE bought a new stake in Academy Sports and Outdoors in the fourth quarter valued at about $241,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Academy Sports and Outdoors Company Profile

(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; 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.