Academy Sports and Outdoors (NASDAQ:ASO) Stock Price Up 7.5% After Strong Earnings

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) traded up 7.5% during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $52.64 and last traded at $52.4930. 2,450,532 shares changed hands during trading, an increase of 46% from the average session volume of 1,675,766 shares. The stock had previously closed at $48.85.

The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. Academy Sports and Outdoors’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, December 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 9.74%.

Analysts Set New Price Targets

ASO has been the topic of several analyst reports. Bank of America upped their target price on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Academy Sports and Outdoors in a research report on Monday. UBS Group upped their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Cowen reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.42.

Institutional Trading of Academy Sports and Outdoors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in Academy Sports and Outdoors by 214.6% during the 2nd quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after buying an additional 470 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Academy Sports and Outdoors by 32.6% during the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock valued at $51,000 after acquiring an additional 252 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Academy Sports and Outdoors by 117.8% during the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock valued at $56,000 after acquiring an additional 602 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Academy Sports and Outdoors during the third quarter worth approximately $61,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Academy Sports and Outdoors by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 657 shares in the last quarter.

Academy Sports and Outdoors Trading Up 3.6%

The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 1.07 and a beta of 1.30. The firm’s 50-day moving average is $48.67 and its 200-day moving average is $48.87. The company has a current ratio of 1.71, a quick ratio of 0.33 and a debt-to-equity ratio of 0.22.

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.