Academy Sports and Outdoors (NASDAQ:ASO) Sets New 52-Week High – What’s Next?

Academy Sports and Outdoors, Inc. (NASDAQ:ASO)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $59.67 and last traded at $59.2980, with a volume of 1212744 shares trading hands. The stock had previously closed at $56.14.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ASO. Truist Financial set a $59.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research report on Monday, December 29th. Telsey Advisory Group restated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, December 9th. Evercore ISI increased their price target on Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley raised their price target on Academy Sports and Outdoors from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.89.

Academy Sports and Outdoors Stock Performance

The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 1.06 and a beta of 1.25. The company has a current ratio of 1.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $53.38 and a 200-day moving average of $51.27.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.08. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The company’s quarterly 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 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, December 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is 9.51%.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Brian T. Marley sold 17,071 shares of Academy Sports and Outdoors stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $55.31, for a total transaction of $944,197.01. Following the completion of the sale, the director directly owned 42,607 shares in the company, valued at approximately $2,356,593.17. The trade was a 28.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in Academy Sports and Outdoors by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,879,904 shares of the company’s stock valued at $194,077,000 after purchasing an additional 46,305 shares during the last quarter. LSV Asset Management boosted its stake in shares of Academy Sports and Outdoors by 43.0% in the second quarter. LSV Asset Management now owns 3,119,790 shares of the company’s stock worth $139,798,000 after buying an additional 937,449 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Academy Sports and Outdoors by 6.1% in the third quarter. American Century Companies Inc. now owns 2,176,853 shares of the company’s stock worth $108,886,000 after buying an additional 125,398 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in Academy Sports and Outdoors by 5.9% during the second quarter. Westwood Holdings Group Inc. now owns 2,110,172 shares of the company’s stock worth $94,557,000 after acquiring an additional 117,175 shares during the period. Finally, William Blair Investment Management LLC raised its position in Academy Sports and Outdoors by 45.2% during the second quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company’s stock valued at $64,528,000 after acquiring an additional 448,582 shares in the last quarter.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.