Academy Sports and Outdoors (NASDAQ:ASO) Trading Up 4.1% – Time to Buy?

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) rose 4.1% during mid-day trading on Tuesday . The company traded as high as $47.54 and last traded at $48.0110. 120,048 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 1,470,512 shares. The stock had previously closed at $46.10.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ASO shares. Barclays dropped their target price on Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, June 11th. UBS Group dropped their price objective on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. The Goldman Sachs Group reduced their target price on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, June 10th. JPMorgan Chase & Co. decreased their target price on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $58.07.

Academy Sports and Outdoors Price Performance

The business has a fifty day moving average of $48.48 and a 200 day moving average of $53.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36. The stock has a market cap of $2.99 billion, a PE ratio of 8.49, a P/E/G ratio of 0.69 and a beta of 1.06.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $0.76 EPS. Academy Sports and Outdoors’s revenue for the quarter was up 6.7% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 18th. Academy Sports and Outdoors’s payout ratio is 10.56%.

Institutional Trading of Academy Sports and Outdoors

Institutional investors have recently added to or reduced their stakes in the stock. Verity Asset Management Inc. boosted its stake in Academy Sports and Outdoors by 0.6% during the 4th quarter. Verity Asset Management Inc. now owns 32,788 shares of the company’s stock valued at $1,638,000 after acquiring an additional 182 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Academy Sports and Outdoors by 12.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,742 shares of the company’s stock worth $86,000 after purchasing an additional 188 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Academy Sports and Outdoors by 3.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 5,599 shares of the company’s stock valued at $280,000 after purchasing an additional 202 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Academy Sports and Outdoors by 2.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,464 shares of the company’s stock valued at $373,000 after purchasing an additional 202 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Academy Sports and Outdoors by 3.5% during the fourth quarter. CIBC Asset Management Inc now owns 6,721 shares of the company’s stock worth $336,000 after purchasing an additional 228 shares during 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.